Managers of Wealth Africa

Booz & Company Approves Combination with PwC

Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.

UN Raps Liberia Over Trafficked Diamonds

Miners who unearth gems in Sierra Leone are motivated to smuggle the stones out of the country in order to avoid having to pay a 15% tax on diamonds valued at over half a million dollars.

States urged to fix tax system that shortchanges Africa

The report further shows that between 1980 and 2009, Sub-Saharan Africa lost about $108 billion (Sh9.2 trillion) more in resources than North Africa did over the same period.

Imo banks shut, protest against closure of others over tax

Customers who went to transact businesses yesterday were left unattended to following the closure of banks by their respective managements in solidarity with others

Fund Services first to market in SA

The fund services team run a SunGard application called Asset Arena Taxation specifically to support asset manager clients’ requirements for recording and reporting income tax and capital gains tax.

SA as a centre for international fund managers is the tax environment a help or hindrance?

South Africa has a number of attributes that make it attractive as a place from which to manage international investment portfolios

Africa Tax in Brief

Finance and Economic Planning Minister Seth Terkper presented the government's 2014 Budget and Financial Statement to Parliament on 19 November 2013.

Making fiscal decentralisation work: lessons from around the world - OECD

This is the first time that the revenue aspect of decentralisation has taken centre stage at a global level to allow countries to debate key questions about who should tax what and share good practices and experiences.

Tax Avoidance Cost Africa Trillions Of Dollars

Two recent reports throw new light on tax avoidance in Africa, a practice estimated to have cost the continent more than a trillion dollars over the past few decades.

ActionAid Slams Barclays for Corporation Tax Avoidance Promotion in Africa

ActionAid has slammed Barclays for claiming to be a "force of good" despite promoting the use of offshore tax havens to big companies operating in Africa

Global Forum moves towards automatic exchange of tax information and transparency

The international community has taken new steps to strengthen transparency and boost the comprehensive exchange of information between governments worldwide.

Some Private Sector Tax Evaders Identified by SARS, Says Gordhan

Finance Minister Pravin Gordhan says the South African Revenue Service has already noted a number of cases of wealthy individuals who are not paying their fair share of tax.

IMF Denies It Favors Wealth Tax

The International Monetary Fund issued a statement on November 05, 2013 denying that it favors a wealth tax

Deloitte Rejects ActionAid Tax Claims

Deloitte has come under fire for issuing double tax treaty advice to large companies operating in some of Africa’s poorest countries

Companies and Institutions Cited in Tax Evasion to be Prosecuted – Dr Apaak

Presidential staffer, Dr Clement Apaak, has hinted of possible prosecution of companies and institutions cited in recent tax evasion.

New Website for Kenyan Whistleblowers To Report Tax Cheats - Report

The Kenyan government plans to create a new website enabling whistleblowers to report tax evasion, smuggling and corrupt tax officials anonymously and will reward them with a share of any revenue it recovers as a result

The IMF Lays The Groundwork For Global Wealth Confiscation

The International Monetary Fund quietly dropped a bomb in its October Fiscal Monitor Report

South Africa and UK agree to work together to tackle offshore tax evasion

South Africa will join the pilot scheme for the automatic exchange of tax information launched by the United Kingdom

African Tax System Seen As Constraint For Foreign Businesses

Compliance with tax legislation and practice was found to be "by far the biggest challenge facing the tax functions of companies doing business in Africa

African Leaders Urged to Raise voice Against Tax Havens

Over USD 50bn Leaves Continent in Illicit Financial Flows