UNDP hosts consultation on public tax, fiscal transparency
Tax experts, representatives of the African Union (AU), Supreme Audit Institutions, Regional Economic Communities, Sub-regional monetary organisations, and select national governments are expected to convene in Abuja, from 27 - 28 July for a high level technical consultation on public tax and fiscal transparency rules for multinationals and private individuals in Africa.
Offering lessons from the Panama papers, the consultation will examine the state of play of the current continental public tax transparency and fiscal disclosure rules for multinationals and private individuals, examine the challenges and opportunities of such a continental system and make recommendations on how Africa can develop its own framework.
A statement from the UNDP office said following the consultation, a policy brief with clear recommendations and roadmap for a new continental framework for public tax transparency and fiscal disclosure rules for multinationals and private individuals will be submitted to the AU member states as consideration for adoption and as an addendum to the current AU’s Convention on Combating and Preventing Corruption.
The high-level meeting is hosted by the United Nations Development Programme (UNDP) Regional Service Centre in partnership with International Institute for Democracy and Electoral Assistance (IDEA). His Excellency, Professor Yemi Osibanjo, Acting President of The Federal Republic of Nigeria, is expected to participate at the event.