{"id":9482,"date":"2014-03-28T16:17:19","date_gmt":"2014-03-28T16:17:19","guid":{"rendered":"http:\/\/4cd.e16.myftpupload.com\/?p=9482"},"modified":"2014-03-28T16:18:25","modified_gmt":"2014-03-28T16:18:25","slug":"review-existing-double-taxation-treaties-actionaid-to-african-govts","status":"publish","type":"post","link":"https:\/\/citifmonline.com\/2014\/03\/review-existing-double-taxation-treaties-actionaid-to-african-govts\/","title":{"rendered":"Review existing double taxation treaties \u2013 ActionAid to African govts"},"content":{"rendered":"<p><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Taxation.jpg\"><img loading=\"lazy\" class=\"aligncenter size-full wp-image-9486\" alt=\"Taxation\" src=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/Taxation.jpg\" width=\"248\" height=\"210\" \/><\/a>ActionAid is calling on African governments to review their existing double taxation treaties.<\/p>\n<p>They are also asking them to pay that special attention to OECD countries and tax havens, examine the scope for renegotiation or cancellation, and check the terms if the treaties facilitate illicit financial flows or give up too many taxation rights.<\/p>\n<p>An African Union Finance Ministers meeting in Abuja, Nigeria noted that \u201cillicit financial flows deprive Africa of billions of dollars each year, more than is received in overseas development aid or foreign direct investment combined.\u201d<\/p>\n<p>They also pointed out that multinational companies which are extracting resources or selling their goods and services in Africa are \u201ccontributing little in the way of taxes\u201d which consequently deprives \u201csome of the world\u2019s poorest countries of money vitally needed to pay for schools, hospitals and other essential services.\u201d<\/p>\n<p>They therefore urged African countries to be \u201cvery cautious about signing any new double taxation agreements. Transparency and public scrutiny is key.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Attached is the full statement from ActionAid<\/strong><\/p>\n<p><a href=\"http:\/\/4cd.e16.myftpupload.com\/wp-content\/uploads\/2014\/03\/ActionAid-Media-Briefing-Illicit-financial-flows-and-tax-avoidance-in-Africa.pdf\">ActionAid Media Briefing &#8211; Illicit financial flows and tax avoidance in Africa<\/a><\/p>\n<p>By: Efua Idan Osam\/citifmonline.com\/Ghana<br \/>\n<a class=\"twitter-follow-button\" href=\"https:\/\/twitter.com\/osamidan\" data-show-count=\"false\">Follow @osamidan<\/a><br \/>\n<script type=\"text\/javascript\">\/\/ <![CDATA[\n!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=\/^http:\/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+':\/\/platform.twitter.com\/widgets.js';fjs.parentNode.insertBefore(js,fjs);}}(document, 'script', 'twitter-wjs');\n\/\/ ]]><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ActionAid is calling on African governments to review their existing double taxation treaties. They are also asking them to pay that special attention to OECD countries and tax havens, examine the scope for renegotiation or cancellation, and check the terms if the treaties facilitate illicit financial flows or give up too many taxation rights. An [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":9486,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[43,38,21,4],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Review existing double taxation treaties \u2013 ActionAid to African govts - Citi 97.3 FM - Relevant Radio. 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