Financial expert calls for new measures on tax havens

CAPETOWN: American financial investigator, George Turner has implored African countries to change their tax principle and adopt the unitary taxation approach in order to stop companies from shifting profits to tax havens.

Speaking to Mmegi Business on Monday during a three-day Africa Media Training Workshop on Tax and Illicit Financial Flows here, he said any country could be a tax haven for another.

A tax haven is a country that offers foreign individuals and businesses little or no tax liability in a politically and economically stable environment.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

Have a Story? Send Us a tip
arrow up