Money Trail website

Covid-19 reminds Africa to end tax benefits for businesses in rich countries

April 10 2020 by Idriss Linge (former Money-Trail trainee Nairobi 2019)

The Covid-19 pandemic has brought to light the discrepancy between tax incentives given by African countries to rich multinationals and the support received in return during these difficult times. African countries are urged to increase investments, especially in natural resources, but face enormous losses due to the abuse of the tax regime by the same multinationals.

While Africa has been pushed by the international community to change it rules of taxation, this article proposes that a better solution would be to decrease the differences between the different taxation systems globally.

Read the full article hereĀ