Togo Hosts 15th Meeting of Africa Initiative to Promote Good Tax Practices

Economic governance
Tuesday, 04 June 2024 16:56
Togo Hosts 15th Meeting of Africa Initiative to Promote Good Tax Practices

(Togo First) - Lomé is hosting the 15th meeting of the Africa Initiative, an international forum promoting good tax practices. Started yesterday, June 3, the event ends on June 5. It is organized by the Global Forum on Transparency and Exchange of Information for Tax Purposes, the Office Togolais des Recettes (OTR), and the Ministry of Economy and Finance. It has gathered over 100 participants from 40 countries and a dozen international organizations.

The three-day event, co-chaired by Philippe Tchodie, Commissioner General of the OTR, and Edward Kieswetter, Commissioner of the South African Revenue Service (SARS), is a platform to assess the Initiative's 10-year commitment to tax transparency on the continent, share experiences from member countries, and exchange best practices.

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The meeting will focus on strengthening the partnership to enable participating countries to tackle tax evasion and other financial flows better, and to mobilize national revenues.

"Today, tax administrations face considerable challenges such as illicit financial flows, corruption, and evasion. But these challenges offer us unique opportunities to strengthen our regional and international cooperation," stressed Akou Mawussé, Director of Cabinet of the Ministry of Economy and Finance, who officially opened the proceedings.

The meeting will also be marked by the publication of the latest annual report on tax transparency in Africa. To date, the Africa Initiative has 39 member countries, including Togo.

Octave A. Bruce

To contact us: c o n t a c t [@] t o g o f i r s t . c o m

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