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INTERVIEW: Tax Avoidance Treaty aims to reduce the opportunities for legal tax avoidance

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It didn't get much attention, but on the 7th of June, over 60 countries put pen to paper on a multilateral treaty which, according to the OECD, will prevent "treaty abuse". Simply put, that's a situation where a company uses double-taxation agreements and shell companies to drastically reduce its tax bill in the countries in which it operates. Economies in Africa lose an estimated $ 50 B a year, a big portion of which, is through tax avoidance, and evasion. While speaking to Alex Cobham, CEO of the Tax Justice Network, CGTN's Ramah Nyang' asked him if this treaty, which 5 African countries signed, does enough to stop the entire legal practice, of tax avoidance.Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgYFollow us on:Facebook: https://www.facebook.com/cgtnafrica/Twitter: https://twitter.com/cgtnafrica

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Africa News CGTN Africa OECD treaty abuse Ramah Nyang' Alex Cobham CEO Tax Justice Network tax avoidance
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