17 October 2016
Many African governments have in recent years strengthened their efforts to have more control over the activities of multinational corporations which operate in their jurisdictions. The latest tool employed is that of tax.
In line with international developments, many tax authorities in these jurisdictions have increased their efforts to target perceived tax avoidance and evasion. These efforts have taken various forms but a clear pattern is emerging: tax assessments are being raised on companies, often following, or together with, allegations of tax avoidance or evasion.
Tax clampdown on multinationals in Africa