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Africa needs disruptive tax policies to tax multinational digital businesses

Africa needs disruptive tax policies to tax multinational digital businesses

Panelists of the 7th Pan African Conference on tax and Illicit financial flows, stress that Africa needs disruptive tax policies that respond to the positively disruptive digital businesses such as ubber.

Though digital economy is the new normal to the world, which Africa can’t hide from, the countries in the continent need to redefine their tax policies and practices to tax the multinational digital businesses, which are taking out money from the continent without paying tax, the panelists suggested.

The multinational digital businesses such as Ubber are also crowding out local companies without paying taxes in some African countries.

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