Africa Loses $60bn In Illicit Capital Flows in Tax Avoidance by Multinationals
Jan 25, 2021 ·
6m 49s
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Description
The president of the African Development Bank, Akinwumi Adesina, has stated that profit shifting, base erosion and tax avoidance by multinational corporations form a huge part of Africa’s missing taxes...
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The president of the African Development Bank, Akinwumi Adesina, has stated that profit shifting, base erosion and tax avoidance by multinational corporations form a huge part of Africa’s missing taxes and they account for a large share of the over $60 billion in illicit capital flows that Africa loses annually.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will hold its first meeting for 2021 on Monday and Tuesday, during which it is expected to assess its existing guiding principles in line with recent developments in the international space and their implications for the domestic economy.
show less
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) will hold its first meeting for 2021 on Monday and Tuesday, during which it is expected to assess its existing guiding principles in line with recent developments in the international space and their implications for the domestic economy.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
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