Global tax reform would seem an unlikely issue to excite and unite the world. Yet as public anger grows over the unconscionable scale of tax avoidance by multinational companies, such reform has become a low-hanging political fruit. Who could challenge the need?
When G20 leaders discuss global tax reform at their summit in St Petersburg this week, they will be building on excellent work, including an Action Plan by the OECD.
The Africa Progress Panel urges them to take the sub-Saharan perspective into account.
Africa may have only one seat at the G20 table but it accounts for 14% of the global population. With a young and rapidly growing population, Africa represents not just the world’s largest untapped source of oil, gas, and minerals, but also a high potential consumer market.