Date: May 14, 2019 10:08am<\/time><\/p>\n<\/div> \n<\/header><\/p>\n\n\n\nDate: May 14, 2019 10:08am<\/time><\/p>\n<\/div>\n<\/header>\n\n<\/figure>\nFor Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision.<\/p>\nThis advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point of View on Citi TV<\/strong>.<\/p>\n\n\u201cFirst is widening the tax base. Africa economies are almost exclusively dependent on small and medium enterprises which are about 70 percent of all jobs and are responsible for about 80 percent of GDP\u2026So there is the need to adopt a strategy for that tax base to be widened,\u201d she said.<\/p>\n<\/blockquote>\nShe also advised African leaders to negotiate natural resources exploration deals better in order to make more for the continent.<\/p>\n\u201cWe need to rethink the ways of negotiating deals on natural resources extraction and the appropriate tax revenue from that. Because about 50 million dollars is lost a year in Africa through tax havens where companies declare their taxes outside from where they are producing and therefore the country does benefit from that.\u201d<\/p>\nAlthough Africa is endowed with abundant natural resources such as gold, bauxite, timber, oil and others, it is said to be losing millions of dollars due to the poor negotiation of agreements signed with private exploration firms across the world.<\/p>\nThis situation has been attributed to the cause of the slow rate of the continent\u2019s socio-economic advancement and the high poverty levels of its people.<\/p>\n <\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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Date: May 14, 2019 10:08am<\/time><\/p>\n<\/div>\n<\/header>\n\n<\/figure>\nFor Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision.<\/p>\nThis advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point of View on Citi TV<\/strong>.<\/p>\n\n\u201cFirst is widening the tax base. Africa economies are almost exclusively dependent on small and medium enterprises which are about 70 percent of all jobs and are responsible for about 80 percent of GDP\u2026So there is the need to adopt a strategy for that tax base to be widened,\u201d she said.<\/p>\n<\/blockquote>\nShe also advised African leaders to negotiate natural resources exploration deals better in order to make more for the continent.<\/p>\n\u201cWe need to rethink the ways of negotiating deals on natural resources extraction and the appropriate tax revenue from that. Because about 50 million dollars is lost a year in Africa through tax havens where companies declare their taxes outside from where they are producing and therefore the country does benefit from that.\u201d<\/p>\nAlthough Africa is endowed with abundant natural resources such as gold, bauxite, timber, oil and others, it is said to be losing millions of dollars due to the poor negotiation of agreements signed with private exploration firms across the world.<\/p>\nThis situation has been attributed to the cause of the slow rate of the continent\u2019s socio-economic advancement and the high poverty levels of its people.<\/p>\n <\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision.<\/p>\n
This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point of View on Citi TV<\/strong>.<\/p>\n\n\u201cFirst is widening the tax base. Africa economies are almost exclusively dependent on small and medium enterprises which are about 70 percent of all jobs and are responsible for about 80 percent of GDP\u2026So there is the need to adopt a strategy for that tax base to be widened,\u201d she said.<\/p>\n<\/blockquote>\nShe also advised African leaders to negotiate natural resources exploration deals better in order to make more for the continent.<\/p>\n\u201cWe need to rethink the ways of negotiating deals on natural resources extraction and the appropriate tax revenue from that. Because about 50 million dollars is lost a year in Africa through tax havens where companies declare their taxes outside from where they are producing and therefore the country does benefit from that.\u201d<\/p>\nAlthough Africa is endowed with abundant natural resources such as gold, bauxite, timber, oil and others, it is said to be losing millions of dollars due to the poor negotiation of agreements signed with private exploration firms across the world.<\/p>\nThis situation has been attributed to the cause of the slow rate of the continent\u2019s socio-economic advancement and the high poverty levels of its people.<\/p>\n <\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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\n\u201cFirst is widening the tax base. Africa economies are almost exclusively dependent on small and medium enterprises which are about 70 percent of all jobs and are responsible for about 80 percent of GDP\u2026So there is the need to adopt a strategy for that tax base to be widened,\u201d she said.<\/p>\n<\/blockquote>\nShe also advised African leaders to negotiate natural resources exploration deals better in order to make more for the continent.<\/p>\n\u201cWe need to rethink the ways of negotiating deals on natural resources extraction and the appropriate tax revenue from that. Because about 50 million dollars is lost a year in Africa through tax havens where companies declare their taxes outside from where they are producing and therefore the country does benefit from that.\u201d<\/p>\nAlthough Africa is endowed with abundant natural resources such as gold, bauxite, timber, oil and others, it is said to be losing millions of dollars due to the poor negotiation of agreements signed with private exploration firms across the world.<\/p>\nThis situation has been attributed to the cause of the slow rate of the continent\u2019s socio-economic advancement and the high poverty levels of its people.<\/p>\n <\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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\u201cFirst is widening the tax base. Africa economies are almost exclusively dependent on small and medium enterprises which are about 70 percent of all jobs and are responsible for about 80 percent of GDP\u2026So there is the need to adopt a strategy for that tax base to be widened,\u201d she said.<\/p>\n<\/blockquote>\n
She also advised African leaders to negotiate natural resources exploration deals better in order to make more for the continent.<\/p>\n
\u201cWe need to rethink the ways of negotiating deals on natural resources extraction and the appropriate tax revenue from that. Because about 50 million dollars is lost a year in Africa through tax havens where companies declare their taxes outside from where they are producing and therefore the country does benefit from that.\u201d<\/p>\n
Although Africa is endowed with abundant natural resources such as gold, bauxite, timber, oil and others, it is said to be losing millions of dollars due to the poor negotiation of agreements signed with private exploration firms across the world.<\/p>\n
This situation has been attributed to the cause of the slow rate of the continent\u2019s socio-economic advancement and the high poverty levels of its people.<\/p>\n
<\/p>\n<\/div>\n<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\u0642\u0627\u0644\u0628 \u0648\u0631\u062f\u067e\u0631\u0633<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nWiden your tax base to make more revenue - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2019\/05\/14\/widen-your-tax-base-to-make-more-revenue\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Widen your tax base to make more revenue - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. 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Date: May 14, 2019 10:08am For Africa to attain the level of development it so yearns for, there is the need to broaden its tax net to rake in more revenue to champion the vision. This advice was given by the Chief Operating Officer of the Trade Development Bank, Dr. Frannie Leautier on the Point […]<\/p>\n","protected":false},"author":1,"featured_media":618969,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-618967","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\n