• Contact
Wednesday, October 4, 2023
  • Login
The African Business - News About African business
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
  • Home
  • EconomyNew
    These are the 10 most popular jobs that pay more than $100K, study finds

    These are the 10 most popular jobs that pay more than $100K, study finds

    See what Kenya is using to attract investment from global EV firms

    See what Kenya is using to attract investment from global EV firms

    6 infrastructure projects to drive Angola economic growth

    6 infrastructure projects to drive Angola economic growth

    Trending Tags

  • Business
    Chocolate could get even pricier if Africa’s cocoa crop flops

    Chocolate could get even pricier if Africa’s cocoa crop flops

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Sale of luxury villas starts in new Zimbabwean city for the rich

    Industry Leaders Ignite Innovation at Women Who Build Africa's Tech Assembly in Nairobi

    Industry Leaders Ignite Innovation at Women Who Build Africa’s Tech Assembly in Nairobi

    Virgin Active to expand office space and meeting rooms in gyms

    Virgin Active to expand office space and meeting rooms in gyms

    Dangote, Bua show grit amid global sugar crises

    Dangote, Bua show grit amid global sugar crises

    800 million+ carats of diamonds in Angola reserves

    800 million+ carats of diamonds in Angola reserves

    Hindenburg 2.0? George Soros-backed group plans 'expose' on Indian firms: Report

    Hindenburg 2.0? George Soros-backed group plans ‘expose’ on Indian firms: Report

    Viktor Bout still has his eye on Africa

    Viktor Bout still has his eye on Africa

    SADC countries may benefit from ANGOSAT 2

    SADC countries may benefit from ANGOSAT 2

  • Finance
    Nigeria asks banks to save forex gains amid currency risks

    Nigeria asks banks to save forex gains amid currency risks

    PayPal finally launches Apple Pay support for its credit and debit cards

    PayPal finally launches Apple Pay support for its credit and debit cards

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    TLG Capital launches ₦2.25B collateralized credit facility for OnePipe

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    Silicon Valley Bank: Global bank stocks slump despite Biden reassurances

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    [Kenya] Digital credit provider Tala disbursed Sh240 billion in loans in eight years

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Digital banking revolution can help SA banks regain their customers’ love, says BCG

    Nigeria launches payments card program to rival Visa and Mastercard

    Nigeria launches payments card program to rival Visa and Mastercard

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    Mastercard and ZoodPay join forces to launch the first virtual installment card across EEMEA

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

    MoneyGram joins forces with BOTIM to launch international money transfer to over 200 countries

  • Opinion
  • Lifestyle
  • Sports
  • Green Economy
No Result
View All Result
The African Business - News About African business
No Result
View All Result
Home Economy

International taxation: G20 validates agreement, but African experts consider 15% insufficient

TAB by TAB
03/11/2021
in Economy
0
International taxation: G20 validates agreement, but African experts consider 15% insufficient

International taxation: G20 validates agreement, but African experts consider 15% insufficient

0
SHARES
7
VIEWS
Share on FacebookShare on Twitter

International taxation: G20 validates agreement, but African experts consider 15% insufficient

The G20 summit (regroups the 19 countries – and the European Union – with the most developed economies) which has just ended, adopted, in Rome, on Saturday, 30 October 2021, the principle of a minimum tax of 15% on multinationals From 2023.

Related posts

These are the 10 most popular jobs that pay more than $100K, study finds

These are the 10 most popular jobs that pay more than $100K, study finds

30/09/2023
1
See what Kenya is using to attract investment from global EV firms

See what Kenya is using to attract investment from global EV firms

26/09/2023
1

International taxation: G20 validates agreement, but African experts consider 15% insufficient

This agreement was considered “historical” in the words of the American secretary of the treasury, Janet Yellen, and Angela Merkel, who says after 15 years of service, welcomed “a great success” and “a clear sign of justice.”

Already the French President, Emmanuel Macron, active “promoter” of this project enriches its international curriculum a few months before the French presidential elections.

According to the agreement formally 136 countries around the world, companies that try to divert taxes by transferring their profits to low-tax countries will be subject to an additional tax, which will force them to pay the corporate minimum tax of 15% It will benefit the countries where their respective headings are located.

This Agreement – which is not unanimous – appears as a response to several problems identified for several years and whose study, published in February 2020 on the website of the World Economic Forum, found that the fact, of the multinationals, to hide their profits in tax havens , it costs the world $ 200 billion in fiscal resources per year.

One of the criticism lies within the minimum limit of 15% considered insufficient, according to African experts. In addition, the distribution method is not favorable to African countries.

Economist Joseph Stiglitz believes that, instead of taking into account the countries of the market, it would have been fairer to take into account the production countries and those where there is a large portion of the workforce

Another point of discord relates to the global tax base as well as the mode of presentation of the financial reports and the place of its publications that do not allow countries with few financial resources know exactly what is due to them.

The agreement also excludes sectors such as mining and finance. In the first case, it was felt that a minimum tax would undermine the producing countries, many of them in sub-Saharan Africa.

A recent report by the International Monetary Fund, however, has observed that erosion of the tax base at the origin of the global agreement allows mining multinationals operating in sub-Saharan Africa to cause a loss of tax revenue of up to 750 million dollars per year region.

MercadosAfricanos

International taxation: G20 validates agreement, but African experts consider 15% insufficient

Previous Post

Bayern eye January swoop for Osimhen

Next Post

Obi Cubana, Mr Ibu, UAE envoy honoured at Nollywood New Yam Festival

Next Post
Obi Cubana, Mr Ibu, UAE envoy honoured at Nollywood New Yam Festival

Obi Cubana, Mr Ibu, UAE envoy honoured at Nollywood New Yam Festival

RECOMMENDED NEWS

Zoho announces over 96% growth in Kenya in the past year

Zoho announces over 96% growth in Kenya in the past year

11 months ago
2
“Access to electricity in Africa requires the pooling of skills”

“Access to electricity in Africa requires the pooling of skills”

6 months ago
1
Springboks missed an opportunity to test new stars ahead of 2023 World Cu

Springboks missed an opportunity to test new stars ahead of 2023 World Cu

2 years ago
1
It is now time to grow food, Zimbabwe

It is now time to grow food, Zimbabwe

1 year ago
2

BROWSE BY CATEGORIES

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Ads

Categories

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized
The African Business - News About African business

We bring you the best Premium news about African Business.

Follow us on social media:

Recent News

  • These are the 10 most popular jobs that pay more than $100K, study finds
  • Chocolate could get even pricier if Africa’s cocoa crop flops
  • Sale of luxury villas starts in new Zimbabwean city for the rich

Category

  • Business
  • Economy
  • Finance
  • Green Economy
  • Lifestyle
  • Opinion
  • Sports
  • Uncategorized

Legal Information

Terms and Conditions
Privacy Policy
Complaints Book

  • Contact

© 2021 The African Business

No Result
View All Result
  • Home
  • Economy
  • Business
  • Finance
  • Opinion
  • Lifestyle
  • Sports
  • Green Economy

© 2021 The African Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In