01621nam a22001337a 4500100003000000245008800030260004400118300000900162520111400171650009201285856009001377942000701467999001301474  aInternational Tax Compact  aHow African countries are affected by Multinationals' tax avoidance/evasion schemes  aBonnb International Tax Compactc2014.  a17p.  aNearly two thirds of global trade takes place inside MNCs. The proceeds of commercial tax evasion, mainly through trade mispricing, are by far the largest component, at some 60 to 65% of the global total. Some MNEs active in Africa have been implicated in shifting profits through abusive transfer pricing. The incidence of trade mispricing to achieve capital flight out of Africa has accelerated significantly. Wrecking opportunities for mobilising Domestic Resources – direct impacts, the offshore interface is highlighted. Corruption of such magnitude is possible with the active connivance of a ‘pinstripe infrastructure’ of bankers, accountants, lawyers and government officials who provide an ‘offshore interface’ between criminality and the mainstream global economy including tax havens. These artificial constructions are invisible in their annual reports, however: under current international accounting rules MNCs are allowed to sweep all their results - profits, tax payments, borrowings, and so on. Country by country (CbC) reporting would provide benefits well beyond the arena of tax.  aTRANSFER PRICING UNDERPRICING OVERPRICING MISPRICING OFFSHORE CAPITAL FLIGHT TAX HAVENS  uhttp://iffoadatabase.trustafrica.org/iff/2011-09-14_itc_country-by-country_attiya.pdf  cCF  c384d384