The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.
The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.
By the OECD’s estimates, every year countries in Africa are cheated out of more than $50 billion in taxes, mainly by multinational corporations that run mines, oil wells, and plantations on the continent. That figure is higher than the total amount of development aid given to countries in sub-Saharan Africa and some studies suggest […]