Tax transparency in Africa 2021
African countries strengthened their ability to recover funds held offshore, directly boosting national tax revenues, according to the latest Tax Transparency in Africa report. The trend signals continuing progress in the fight against illicit fund flows out of Africa, worth an estimated $50 billion each year. The Global Forum for Transparency and Exchange of Information for Tax Purposes, the African Union and the African Tax Administration Forum produced the report, in close partnership with the African Development Bank. The first edition of the report was published in 2019. The report provides comparable tax transparency statistics to aid decision makers to address illicit fund flows. Thirty-four countries completed the survey for the 2021 edition, including six non-members of the Global Forum: Angola, Democratic Republic of Congo, Sierra Leone, Gambia, Zambia and Zimbabwe. It noted progress on two core tax transparency pillars: political awareness and commitment, and capacity to advance tax transparency and the exchange of information.
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