Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
How smart solutions can seal Africa’s tax loopholes
Failure by African governments to adopt latest technologies has been cited as one of the major hurdles undermining their effort to cast their tax net wider. PHOTO | SHUTTERSTOCK
Failure by African governments to adopt latest technologies has been cited as one of the major hurdles undermining their effort to cast their tax net wider. Most of the countries still use traditional systems, leaving huge holes that tax evaders cash in on.
To achieve at least 90 percent collection targets, experts are calling on the use of modern technologies to overcome most of the setbacks that hold the 55 states back in funding their annual budgets.