Managers of Wealth Africa

Should Wealthy Ugandans Pay More Taxes?

This is nearly three times the budget allocated to the standard body, a government institution charged with fighting counterfeit and substandard products flooding the market.

Interview of Gary Gowrea, Managing Director of Cim Tax Services

The BEPS project and CRS are in line with international efforts to counter tax evasion, tax avoidance and fraud; it aims at making it more difficult for companies that have legal entities registered in low-tax jurisdictions to take advantage of the favora

Tax ’amnesty' could spur on emigration, warn experts

The special disclosure programme was announced in the February budget and offers taxpayers the chance of paying tax and interest on undeclared income from 2010 until 2015.

International organisations take major step to boost global co-operation in tax matters

The first of these toolkits, focusing on tax incentives, was delivered in November.

Nigeria: The Panama Papers and Sacred Cows

The 11.5 million documents handled by the Panama-based Mossack Fonseca, released to an International Consortium of Journalists and a German newspaper have reverberated around world capitals.

Zim-SA double tax law gazetted

When the double tax regulations come into force the new agreement will replace the outdated agreement between the two countries, signed in 1965.

Firms on World Bank projects in Africa use tax havens, stunt growth, Oxfam says

Oxfam urged the World Bank to address the tax haven issue and “responsible corporate tax behavior” at its spring meeting that starts this week in Washington, D.C., and to implement measures to prevent multinational enterprises from using tax h

Africa’s richest man, Dangote, his brother, Dantata, linked to shell companies in tax havens

Yet that question has become even more relevant across the globe following discoveries of several secret shell companies linked to the businessman, his allies and relatives.

Panama Papers: How Jersey-based oil firm avoided taxes in Uganda

Revelations from the Panama Papers show how a company based in Jersey, a British crown dependency, attempted to avoid paying $400m (£280m) in Capital Gains Tax to the Ugandan government, writes BBC Africa's Rob Wilson.

All tax dodge reports probed, says Gordhan

"The world is systemically narrowing the scope for those who want to hide their offshore assets and avoid paying their taxes due to the South African fiscus," he said.

SA authorities eye cash in offshore tax havens‚ Fidentia ‘missing millions’ amid #PanamaPapers leaks

Curators are taking legal advice after the #PanamaPapers leak that showed hidden accounts linked to the Fidentia fraud‚ while the South African taxman is keeping a watch on unfolding leaks of companies and individuals using offshore tax havens.

Time for Africa to tax the rich

This means African governments are losing out on roughly $15 billion in taxes annually, and this does not take into account nonfinancial wealth.

Rising tax revenues are key to economic development in African countries - OECD

Tax revenues in African countries are rising as a proportion of national incomes, according to the inaugural edition of Revenue Statistics in Africa.

INDIA: Cleaning up

These funds were channelled through brass-plate companies set up in Mauritius

Africa tax in brief by Celia Becker, ENS Africa

The introduction of a Special Contribution on Banking Operations

Call for longer window period for people to declare illegal offshore assets

African National Congress MP and finance committee member Makhosi Khoza said an extension would encourage more people to come forward.

Uganda's Onerous Tax Regime Hurting Govt Debt Market

This has discouraged offshore investors from entering the market

Pravin hits road in bid to sell SA to investors

ANC treasurer-general Zweli Mkhize and Gordhan held separate meetings with a group of bond market investors from the US and Europe behind closed doors in Johannesburg this week.

What does the 2016 Budget mean for implementation of the carbon tax? by Andrew Gilder and Mansoor Parker and Olivia Rumble

Finance Minister Pravin Gordhan did not mention the proposed carbon tax (the “tax”) in his Budget Speech delivered on 24 February 2016.

Offshore Amnesty Reloaded

Many tax commentators were surprised at the national budget speech announcement that there will be another offshore amnesty starting on 1 October 2016