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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 contribution cost duty expense fine levy price rate tariff assessment bite brokerage capitation custom dues excise giveaway imposition impost obligation salvage tithe toll towage tribute pork barrel charge albatross demand difficulty drain load millstone onus pressure strain task weight deadweight advantage aid benefit blessing ease help peace pleasure assess enact impose exact extract charge duty demand toll exact tribute lay an impost require contribution give exonerate release unburden exhaust overtax weaken cumber encumber enervate lade oppress overburden overuse overwork push saddle sap stress stretch tire try weary weigh make demands on press hard on prey on put pressure on wear out weigh down weigh heavily on activate assist compress concentrate delight energize invigorate strengthen arraign blame censure criminate impeach impugn impute incriminate inculpate indict reproach reprove approve exculpate free praise accuse allege apprehend arrest attack attribute betray blow the whistle brand bring charges cite complain denounce file claim finger frame hang something on hold accountable implicate lay at door let have it libel litigate lodge complaint name pin on point finger at prosecute recriminate serve summons slander slur sue summon tax applaud commend defend let go pardon retreat support compliment flatter protect absolve vindicate amount charge evaluate fix value assesses appraises apprises assays checks checks out computes determines digs it estimates figures fixes gauges guesses judges nicks pegs rates reckons sets size up sizes surveys takes measure valuates values weighs helps neglects assists aids ignores assessing appraising apprising assaying checking checking out computing determining digging it estimating figuring fixing gauging guessing judging nicking pegging rating reckoning setting sizing surveying taking measure valuating valuing weighing helping neglecting assisting aiding ignoring appraisal estimate fee taxation valuation assessments appraisals computations determinations estimations judgments ratings reckonings valuations value judgments evasion prevention restraint circumvention delay departure dodge dodging elusion escape escapism flight forbearance nonparticipation parry recession recoil retreat self-restraint shirking shunning absention eschewal passive resistance runaround steering clear of advance arrival coming continuation stay meeting abstention abstaining abstinence avoidance non-indulgence self-control self-denial sobriety self-indulgence abnegation abstemiousness asceticism chastity cherry continence fasting frugality moderation refraining renunciation soberness teetotalism temperance drunkenness excess indulgence intemperance intoxication revelry antipathy abhorrence allergy animosity animus antagonism aversion bad blood contrariety disgust dislike distaste dyspathy enmity hate hatred hostility ill will incompatibility loathing opposition rancor repellency repugnance repulsion friendliness friendship good will kindness liking love loving sympathy admiration appreciation approval esteem honor rapport regard respect bypass eluding desertion abrogation apostasy backsliding betrayal castoff defecting departing derelict dereliction disaffection disavowal disavowing divorce falling away falseness forsaking going back on leaving marooning perfidy recreancy rejection relinquishment repudiation resignation retirement running out on secession tergiversation treachery truancy withdrawal allowance ratification aid assistance help staying equivoque ambiguous statement ambiguousness deceit deception double meaning equivocality equivocalness equivocation indefiniteness prevarication stonewalling unclearness vagueness accord alliance arrangement bargain bond cartel charter compact concord concordat convention covenant deal entente league negotiation pact reconciliation sanction settlement understanding antagonism disagreement discord misunderstanding refusal 10-4 accordance concert concurrence conformity congruence correspondence good vibes good vibrations harmony okay rapport sympathy treaty unanimity difference disunity denial dissension opposition agreement acknowledgment adjudication affidavit approval assent avowal codicil compromise confirmation indenture lease note oath piece of paper protocol recognition stipulation the nod transaction writ rejection ignorance veto agreements accedings accessions accommodations accords acknowledgings adjustments affiliations affinities alliances amity approvings arbitrations arrangements assentings authorizings bargainings compatibilities compliances complyings compromises concerts concessions concordances concords concurrings conformities congruities consistencies correspondences endorsings grantings harmonies mediations ratifies reconciliations similarities suitablenesses sympathies understandings unions unison verifications verifies differences fights disagreements hatreds dislikes dissimilarities incompatibilities separations hostilities divorces disharmonies discords dissent refusals dissensions denials affiliation affinity betrothal coalition coherence collaboration collusion combination communion confederacy confederation congruity conjunction connection consanguinity cooperation engagement federation fraternization friendship interrelation kinship marriage matrimony membership mutuality participation partnership relation support tie union detachment disconnection division divorce hatred separation disunion estrangement hostility rebellion war betrothals bonds coalitions collaborations collusions combinations communions compacts concurrences confederacies confederations conjunctions connections consanguinities cooperations engagements ententes federations friendships interrelations kinships leagues marriages memberships mutualities pacts participations partnerships relations supports ties treaties disconnections detachments oppositions divisions wars rebellions estrangements disunions antagonisms armistice ceasefire suspension truce dispute fight ambition aspiration desire direction intent intention objective plan purpose target wish course desideratum design end mark object scheme where one is heading dislike hate hatred avoidance neglect thoughtlessness intend propose focus direct try want address mean essay attempt concentrate level fix covet slant cast train sight aspire angle contemplate endeavor steer strive zero in on zoom in set one's sights on look away forget ignore curtail cut cut down diminish dwindle knock off lessen lower pare scale down shorten slash trim weaken abate abridge bankrupt break cheapen chop clip contract debase deflate depreciate depress diet dilute discount drain impair impoverish moderate pauperize rebate recede ruin shave slim taper truncate bant cut back go on a diet lose weight mark down nutshell roll back slow down step down take off weight taper off tone down turn down wind down compliment develop enlarge expand extend grow increase lengthen praise prolong raise strengthen amplify enhance laud rise stretch upgrade invigorate win bring force undermine conquer cripple crush disable drive enfeeble master overcome overpower subdue subjugate vanquish bear down beat down aid allow assist enable encourage fail help lose release surrender yield abase bump bust degrade demote downgrade bring low declass demerit disgrade disrate take down a peg fix honor improve mend promote belittle demean disgrace dishonor humble humiliate mortify reduce shame build up elevate esteem flatter respect value cherish dignify exalt extol allay chill out coast cool cool it decline decrease dull ebb go with the flow hang easy hang loose lay back let go let it all hang out let up mellow out quell slacken slow subside take it easy unlax wane advance forward incite intensify magnify revive abbreviate abstract boil down compress condense cut off cut out digest encapsulate get to the meat prune put in a nutshell summarize take out blue pencil concentrate downsize limit narrow put in nutshell restrict snip add fill free alloy denature devalue clean clear purify atomize destroy grate pulverize spray vaporize build construct create every the convenience event excuse freedom hope moment space time break connection contingency cut fitness fling fortuity happening hour juncture leisure liberty occasion opening pass prayer probability relief room run scope shot show spell squeak stab turn whack fair shake fighting chance good fortune good luck iron in the fire one's move one's say one's turn the hunt the running closing closure misfortune reality truth bad luck as long as because being considering inasmuch as now since whereas after beneficial to concerning conducive to during for the sake of in contemplation of in exchange for in favor of in furtherance of in order to in order to get in place of in pursuance of in the direction of in the interest of in the name of notwithstanding on the part of on the side of pro supposing to counterbalance to go to to the amount of to the extent of toward under the authority of with a view to with regard to with respect cause for for the reason that seeing that as a result of as things go by cause of by reason of by virtue of due to in as much as in behalf of in that in view of now that on the grounds that over owing to seeing thanks to through behind backing in agreement supporting all in all all things considered everything being equal forasmuch as in consideration of in light of insomuch as pending taking into account favor accept advocate appreciate approbate approve back be in favor of be on one's side buck for champion choose commend cotton to countenance encourage endorse esteem eulogize fancy flash on go for hold with honor incline lean toward look up to opt for patronize pick praise prize regard highly root for sanction single out support take a liking to take a shine to take to think well of tilt toward value censure criticize disagree disallow disapprove discourage dissuade neglect oppose protest refuse reject deny dislike disrespect hate disfavor hinder hurt thwart constitutional contractual fair juridical lawful legitimate proper statutory valid acknowledged allowed authorized card-carrying chartered clean condign decreed due enforced enforcible enjoined forensic granted innocent judged judicial just justifiable justified legalized legit licit on the level on the up and up ordained passed precedented prescribed protected right rightful sanctioned sound straight sure-enough warranted within the law illegal illegitimate invalid unacceptable unlawful illicit wrong admissible acceptable applicable appropriate concedable fitting legal likely logical not impossible not unlikely okay passable permissible permitted pertinent possible probable rational reasonable relevant suitable tolerable tolerated worthy inappropriate irrelevant unsuitable inadmissible inapplicable unfair unjust allowable impermissible prohibited authoritative administrative approved bureaucratic canonical departmental ex cathedra ex officio executive imperial magisterial mandatory ruling sovereign supreme democratic accredited certified commissioned licensed official recognized unofficial orthodox received unauthorized unorthodox unrecognized unsanctioned ensured representative vested contribution cost duty expense fine levy price rate tariff assessment bite brokerage capitation custom dues excise giveaway imposition impost obligation salvage tithe toll towage tribute pork barrel charge albatross demand difficulty drain load millstone onus pressure strain task weight deadweight advantage aid benefit blessing ease help peace pleasure assess enact impose exact extract charge duty demand toll exact tribute lay an impost require contribution give exonerate release unburden exhaust overtax weaken cumber encumber enervate lade oppress overburden overuse overwork push saddle sap stress stretch tire try weary weigh make demands on press hard on prey on put pressure on wear out weigh down weigh heavily on activate assist compress concentrate delight energize invigorate strengthen arraign blame censure criminate impeach impugn impute incriminate inculpate indict reproach reprove approve exculpate free praise accuse allege apprehend arrest attack attribute betray blow the whistle brand bring charges cite complain denounce file claim finger frame hang something on hold accountable implicate lay at door let have it libel litigate lodge complaint name pin on point finger at prosecute recriminate serve summons slander slur sue summon tax applaud commend defend let go pardon retreat support compliment flatter protect absolve vindicate amount charge evaluate fix value assesses appraises apprises assays checks checks out computes determines digs it estimates figures fixes gauges guesses judges nicks pegs rates reckons sets size up sizes surveys takes measure valuates values weighs helps neglects assists aids ignores assessing appraising apprising assaying checking checking out computing determining digging it estimating figuring fixing gauging guessing judging nicking pegging rating reckoning setting sizing surveying taking measure valuating valuing weighing helping neglecting assisting aiding ignoring appraisal estimate fee taxation valuation assessments appraisals computations determinations estimations judgments ratings reckonings valuations value judgments evasion prevention restraint circumvention delay departure dodge dodging elusion escape escapism flight forbearance nonparticipation parry recession recoil retreat self-restraint shirking shunning absention eschewal passive resistance runaround steering clear of advance arrival coming continuation stay meeting abstention abstaining abstinence avoidance non-indulgence self-control self-denial sobriety self-indulgence abnegation abstemiousness asceticism chastity cherry continence fasting frugality moderation refraining renunciation soberness teetotalism temperance drunkenness excess indulgence intemperance intoxication revelry antipathy abhorrence allergy animosity animus antagonism aversion bad blood contrariety disgust dislike distaste dyspathy enmity hate hatred hostility ill will incompatibility loathing opposition rancor repellency repugnance repulsion friendliness friendship good will kindness liking love loving sympathy admiration appreciation approval esteem honor rapport regard respect bypass eluding desertion abrogation apostasy backsliding betrayal castoff defecting departing derelict dereliction disaffection disavowal disavowing divorce falling away falseness forsaking going back on leaving marooning perfidy recreancy rejection relinquishment repudiation resignation retirement running out on secession tergiversation treachery truancy withdrawal allowance ratification aid assistance help staying equivoque ambiguous statement ambiguousness deceit deception double meaning equivocality equivocalness equivocation indefiniteness prevarication stonewalling unclearness vagueness land of the Sahara account advice announcement broadcast data disclosure message report rumor statement story word bulletin cable cognizance communication copy description discovery dispatch enlightenment headlines hearsay intelligence itemization knowledge leak narration particularization recital recognition release scandal scoop specification telecast telegram telling tidings communiqué exposé eye-opener front-page news lowdown news flash the goods question silence truth concealment ignorance suppression history admonition advisement advocacy aid bum steer caution charge consultation counsel directions dissuasion encouragement exhortation forewarning guidance help information injunction input instruction judgment lesson news opinion persuasion prescription proposal proposition recommendation steer suggestion teaching telltale tip tip-off two cents' worth view warning word to the wise blockage discouragement hindrance injury obstruction opposition betrayal deceit deception falsehood lie misinformation misrepresentation advertisement briefing broadcasting dissemination divulgence edict exposing exposition expression intimation notice notification prediction promulgation publication publishing recitation reporting revelation secret announcements advertisements advices briefings broadcasts bulletins communications communiqués disclosures divulgences edicts exposings expositions expressions intimations messages narrations notices notifications predictions publications recitations releases reports revelations statements suppressions secrets beat article break calendar flash handout hot wire item list program skinny the dope what's going down what's happening quiet buzz comment cry grapevine rumble scuttlebutt talk whisper accord alliance arrangement bargain bond cartel charter compact concord concordat convention covenant deal entente league negotiation pact reconciliation sanction settlement understanding antagonism disagreement discord misunderstanding refusal 10-4 accordance concert concurrence conformity congruence correspondence good vibes good vibrations harmony okay rapport sympathy treaty unanimity difference disunity denial dissension opposition agreement acknowledgment adjudication affidavit approval assent avowal codicil compromise confirmation indenture lease note oath piece of paper protocol recognition stipulation the nod transaction writ rejection ignorance veto agreements accedings accessions accommodations accords acknowledgings adjustments affiliations affinities alliances amity approvings arbitrations arrangements assentings authorizings bargainings compatibilities compliances complyings compromises concerts concessions concordances concords concurrings conformities congruities consistencies correspondences endorsings grantings harmonies mediations ratifies reconciliations similarities suitablenesses sympathies understandings unions unison verifications verifies differences fights disagreements hatreds dislikes dissimilarities incompatibilities separations hostilities divorces disharmonies discords dissent refusals dissensions denials affiliation affinity betrothal coalition coherence collaboration collusion combination communion confederacy confederation congruity conjunction connection consanguinity cooperation engagement federation fraternization friendship interrelation kinship marriage matrimony membership mutuality participation partnership relation support tie union detachment disconnection division divorce hatred separation disunion estrangement hostility rebellion war betrothals bonds coalitions collaborations collusions combinations communions compacts concurrences confederacies confederations conjunctions connections consanguinities cooperations engagements ententes federations friendships interrelations kinships leagues marriages memberships mutualities pacts participations partnerships relations supports ties treaties disconnections detachments oppositions divisions wars rebellions estrangements disunions antagonisms armistice ceasefire suspension truce dispute fight corruption crime exploitation injustice misconduct misdeed misuse offense prostitution wrongdoing debasement delinquency desecration fault misapplication mishandling mismanage perversion sin wrong good deed kindness obedience goodness acclamation adulation aid approval commendation help plaudit praise preservation respect damage harm injury maltreatment pollution violation defilement hurt impairment malevolence manhandling advantage benefit blessing favor good pleasure blame castigation censure curse curses defamation derision hosing insults invective knifing libel obloquy opprobrium put down quinine reproach revilement scolding signifying slander swearing tirade upbraiding vilification vituperation bad-mouthing kicking around pushing around compliment exaltation flattery beat up corrupt impair maltreat mistreat molest persecute victimize violate defile deprave desecrate hose ill-treat mar mishandle oppress pollute roughhouse ruin spoil taint total wax bang up bung up cut up mess up rough up shake up assist improve please protect treat well clean grow honor purify sanctify acclaim adulate approve care for cherish commend defend esteem preserve prize revere treasure squander dissipate exhaust overburden overtax overwork prostitute waste misemploy hoard save insult offend revile backbite bash belittle berate calumniate cap castigate decry defame derogate discount knock minimize nag ride scold signify slam slap smear sound trash upbraid vilify vituperate zing bad-mouth blow off cuss out cut down cut to the quick do a number on dump on give a black eye hurl brickbat pick on rag on rip up run down sling mud swear at tear apart exalt flatter laud exploit use do an injustice to impose on affront abuse backhanded compliment brickbat dirty deed indignity left-handed compliment outrage provocation slap in the face slight slur vexation happiness right appeasement pleasantry anger annoy confront criticize displease dispraise encounter face give a zinger give the cold shoulder hit where one lives meet pique provoke taunt vex avoid calm delight make happy retreat soothe appease assuage gratify mollify placate satisfy affronting abusing angering annoying confronting criticizing displeasing dispraising dumping on encountering facing giving a zinger giving the cold shoulder hitting where one living meeting offending outraging piquing provoking putting down slandering slighting taunting vexing satisfying helping flattering approving pleasing making happy placating mollifying gratifying assuaging appeasing avoiding retreating calming respecting delighting praising complimenting soothing aiding aggrieve afflict aspersion animadversion backbiting black eye calumny detraction dirty dig hit rap calmness mildness assail assault beset blast blister bust charge come at have at impugn invade lambaste lay into malign set upon work over uphold exonerate let go surrender yield authority bureaucrat chief commander controller custodian dean director executive head inspector judge leader manager minister officer official organizer superintendent supervisor President ambassador boss captain chair chairperson consul exec governor mayor overseer premier producer front office head honcho head person person upstairs prez employee follower worker administrator expert law arbiter aristocrat Bible brains brass buff connoisseur czar egghead establishment feds guru kingfish kingpin pro professional professor pundit scholar specialist textbook upstairs veteran virtuoso whiz wizard big cheese big shot big wig city hall ivory dome power elite top brass top dog top hand amateur greenhorn ignoramus proletariat rookie student operator owner pilot skipper cap CFO chieftain guide skip top four-striper higher up number one company corporation entrepreneur firm management manufacturer organization businessperson capitalist juice outfit patron proprietor meal ticket slavedriver workers big cheese employer administration government directorate heavyweight hierarchy higher-up industrialist leadership tycoon VIP big wheel key player better elder principal ruler senior junior agent civil servant commissioner representative secretary chancellor comptroller dignitary functionary incumbent magistrate marshal officeholder panjandrum treasurer chief executive officer chief of state commander in chief head of state person in charge prime minister president inferior servant superior CEO authority due process honesty integrity law right truth amends appeal authorization charter code compensation consideration correction credo creed decree equity evenness hearing impartiality judicatory judicature justness legality legalization legitimacy litigation penalty reasonableness recompense rectitude redress reparation review rule sanction sentence constitutionality fair play fair treatment legal process square deal corruption dishonesty falsehood award refusal reward illegality injustice lawlessness partiality unfairness court judge chancellor magistrate umpire bar bench court of justice forum justice kangaroo court law court seat of judgment session tribunal democracy commonwealth egalitarianism emancipation equalitarianism equality freedom liberal government representative government republic suffrage disinterest detachment disinterestedness dispassion dispassionateness equitableness fair-mindedness impartialness neutrality nonpartisanship objectiveness objectivity rightfulness rightness bias chain grid net organization structure system web arrangement artery checkerboard circuitry complex convolution crisscross fabric fiber grill grillwork hookup interconnections jungle labyrinth maze mesh netting nexus patchwork plexus reticulation reticule screening tessellation tracks wattle weave wiring associate circulate hobnob meet mingle schmooze make contacts meet and greet rub elbows avoid disconnect disjoin divide separate amalgamate admix alloy ally coalesce combine come together compound consolidate fuse hook up with incorporate integrate interface intermix join together meld merge network pool team up tie in tie up unite part apparatus bureaucracy chain of command hierarchy setup bond affiliation affinity attachment connection connective friendship interrelationship liaison link marriage obligation relationship restraint tie tie-in union dislike divorce enmity hate hatred cobweb gossamer snare tissue toil webbing band bind blend bracket bunch up coadjute commingle conjoin cooperate couple dub get-together glue oneself to hitch on hook on join league marry mix plug into put together relate slap on stand in with synthesize tack on tag on team up with throw in together tie up with unify wed dissociate sever loosen unfasten detach dissolve combines amalgamates associates bands binds blends bonds brackets bunches up coadjutes coalesces commingles compounds conjoins cooperates couples dubs fuses gets together glues oneself to hitches on incorporates interfaces joins leagues links marries merges mingles mixes networks plugs into pools puts together relates slaps on stands in with synthesizes tags on throws in together ties up with unifies unites weds unmixes dissolves unfastens severs parts separates divides detaches loosens divorces dissociates disjoins disconnects
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