A new OECD report highlights the crucial role of tax transparency and the exchange of information (EOI) in helping African governments to stem illicit financial flows and increase domestic resource mobilisation.
The report Tax Transparency in Africa 2021 outlines the present situation of 34 African Union members and details their progress in implementing and benefiting from tax transparency and EOI standards.
Members of the OECD’s Africa Initiative expanded their EOI networks to reach 3,752 bilateral relationships in 2020, compared to 685 in 2013. This rapid improvement is mainly due to the growing number of African countries joining the Convention on Mutual Administrative Assistance in Tax Matters, says the OECD.
A new OECD report highlights the crucial role of tax transparency and the exchange of information (EOI) in helping African governments to stem illicit financial flows and increase domestic resource mobilisation.
The report Tax Transparency in Africa 2021 outlines the present situation of 34 African Union members and details their progress in implementing and benefiting from tax transparency and EOI standards.
Members of the OECD’s Africa Initiative expanded their EOI networks to reach 3,752 bilateral relationships in 2020, compared to 685 in 2013. This rapid improvement is mainly due to the growing number of African countries joining the Convention on Mutual Administrative Assistance in Tax Matters, says the OECD.
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