A betrayal of our posterity by criminally

A raft of laws have either been passed or are due in Parliament, which, when together, aim to plug holes in our tax administration through which an estimated P8 billion has been flowing away from national coffers.

Through practices such as money laundering, trade misinvoicing and the abuse of transfer pricing, corporates and individuals in Botswana have perfected the art of sidestepping Botswana Unified Revenue Services (BURS) over the years, assisted by tax advisories both locally and abroad. Money laundering involves concealing the source or purpose of “dirty” money while trade misinvoicing is a practice involving the falsification of import or export values to trick the taxman. Transfer pricing, a term most Batswana are ignorant about, involves transactions between related entities. The violation comes when the value or terms of these transactions is manipulated to lower a tax liability.

While the concepts involved may appear complex and removed from ordinary Batswana, some of these practices have become so commonplace that they are no longer thought of as unethical by perpetrators. Think of the hundreds of millions of Pula annually lost through under-invoicing of grey import vehicles, through a trail of collusion stretching from Japan, to Durban to Mogoditshane.

Editor's Comment
Botswana deserves ideal political leaders

This remains to be seen, particularly as opposite unity has been seeing its ups and downs. In 2012, three opposition parties namely the Botswana National Front (BNF), the Botswana Movement for Democracy (BMD), and the Botswana National Front (BNF) formed a political alliance under the Umbrella for Democratic Change (UDC). The Botswana Congress Party (BCP) would, after rebuffs, join the coalition in 2017.The promise made by the coalition to its...

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