New Reporting Code for Multinationals Could Save Africa $35b
- Kenya The East African 2015
- 3p.
The article relates to developments in which in East African countries are expected to collect more revenue under a new code drawn, by the world's richest economies to stop foreign multinationals from dodging taxes in host countries.The new code -- Base Erosion and Profit Shifting (BEPS) -- adopted by G20 at its meeting in Turkey, seeks to seal loopholes in the global tax system that allow corporate profits to "evaporate" .
