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
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

Have a Story? Send Us a tip
arrow up