West African Tax Institutes Move to Check Illicit Financial Flows
- Nigeria This Day
- 3p.
Tax institutes in West Africa, including the Federal Inland Revenue Service (FIRS) are evolving new strategies to check revenue leakages occasioned by humongous illicit financial flows out of the region. Converging on Abuja under the auspices of West African Union of Tax Institutes’ (WAUTI) 5th annual international conference, the sub-region’s eggheads on tax matters and revenue are brainstorming on how to boost domestic resource mobilisation in the face of global fall in commodity prices and an almost non-existent donor support. The conference ran under the theme “Relevance of Base Erosion and Profit Shifting (BEPS) to the Illicit Flow of Funds from Africa,”
Relevance of Base Erosion and Profit Shifting, Tax Evasion