03/02/21

The Advancement Of The Tax Transparency Agenda In Africa

As recent leaks and journalists’ investigations in Africa have revealed, the use of shell companies and lack of accurate and up-to-date information on the identity of beneficial owners of legal entities and arrangements are key obstacles in the fight against tax evasion and other sources and channels of illicit financial flows (IFFs). More generally, the dearth of transparency and a culture of exchange of information still hinder the development of a conducive environment for combating IFFs.

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