Mobutu Sese Seko – DIGIT INFO

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

DIGIT — Sat, 06 Oct 2018 16:55:46 +0000

Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of […]

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Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments

DIGIT — Wed, 03 Oct 2018 11:50:11 +0000

A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]

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