WATAF PRESENTATION AT THE ECOWAS PLENARY: “EMERGING GLOBAL TAX ISSUES AND CHALLENGES OF MOBILISING DOMESTIC REVENUE FOR DEVELOPMENT IN WEST AFRICA”

/ news / By WATAF Admin

In consonance with WATAF’s objective to engage key stakeholders within the tax ecosystem in order to improve the generation of needed revenue for development and the provision of public services in West African countries, WATAF presented a paper on “Emerging global tax issues and challenges of mobilising domestic revenue for development in West Africa” at the ECOWAS plenary session held on 18 June, 2022 in Abuja, Nigeria.

Highlights of the session include an overview of the global effort to curb Base Erosion and Profit Shifting (BEPS) schemes, abusive Transfer Pricing (TP), taxation of the digital economy, alongside other harmful tax practices and their likely impact on the economies of countries in West Africa, with particular emphasis on the important role of ECOWAS Countries’ parliamentarians in providing complimentary tax legislation to support tax administrations.

The parley is a prelude to the planned country-by-country roundtable discussions on emerging global issues with the 15 WATAF Member States’ parliamentarians. It is expected that this initiative will promote a better understanding of the work of tax administrations by West African Parliamentarians with the attendant benefit of an wholesale improvement of domestic tax legislation in WATAF member countries to meet-up with the dynamics of the business environment.