Tax and transparency
Illicit financial flows are a pervasive and rising problem, with consequences for socio-economic development, growth and stability. Approximately 60% of illicit financial flows stem from commercial transactions involving multinational enterprises, compared to only 40% from criminal activities, corruption and the theft of public funds. South Africa and African countries are increasingly concerned about the development effect of base erosion and profit shifting, as well as losing more tax receipts as a result of illicit financial flows.
The GEG Africa programme will focus on three core issues relating to illicit financial flows: beneficial ownership, country by country reporting and trade mispricing. Key stakeholder groups will be engaged with, to shift the terms of the debate and prompt policy innovation in national, regional, and continental contexts.
Friday, 10 August 2018 15:59
Africa urged to act collectively to combat money laundering, tax evasion and bribery
Combatting bribery, money laundering and tax evasion should be a priority if Africa was to finance its transition to middle income status and increase prosperity, said Vera Songwe, the executive secretary of the UN Economic Commission for Africa.
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Latest in GEG Fora
Friday, 26 May 2017 16:59
Fighting BEPS in Africa: A Review of Country-By-Country Reporting
Written by Peter Draper and Heinrich Krogman
GEGAfrica Policy Briefing, May 2017
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Publications
Tuesday, 28 March 2017 14:20
Fighting Base Erosion and Profit Shifting in Africa a Review of Country-By-Country Reporting
Written by Peter Draper and Heinrich Krogman
GEGAfrica Discussion Paper, March 2017
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Publications
GEGAfrica Discussion Paper, February 2017
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Publications
Wednesday, 14 December 2016 14:33
Media Alert: Bleeding money: How much are we losing in commercial tax evasion?
Written by SAIIA
Dear Editors and Journalists,
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Media Alerts
Wednesday, 23 November 2016 11:42
Illicit Financial Flows Estimating Trade Mispricing and Trade-Based Money Laundering For Five African Countries
Written by Kathy Nicolaou-Manias and Yuchen Wu
GEGAfrica Discussion Paper, October 2016
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Publications
Friday, 04 November 2016 16:20
Trade Mispricing for Five African Countries
Written by Kathy Nicolaou-Manias
GEGAfrica Policy Briefing, October 2016
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Publications
- Location Pretoria
A Study Group on Beneficial Ownership, co-hosted by GEG Africa and the South African Department of Public Service and Administration, brought together various stakeholders from international and local spheres to discuss the issues surrounding transparency in beneficial ownership.
- Location Pretoria
On 16 July 2016, the GEG Africa programme hosted a illicit financial flows (IFFs) scoping workshop on 'Achieving Sustainable Development Goals to significantly reduce IFFs: Developing the GEG Africa 3-year programme.' The event was held in partnership with the Global Tax Policy Centre at the University of Vienna.
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2007 - 2018
GEG Africa. All Rights Reserved.
The GEGAfrica project has been funded by UK aid from the UK government; however the views expressed do not necessarily reflect the UK government’s official policies.