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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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