In the realm of contract negotiations TJNA advocates for fair taxation practices concerning multinational corporations (MNCs) operating within Africa. The current landscape often sees MNCs exploiting legal loopholes and engaging in aggressive tax planning strategies to minimise their tax liabilities, resulting in significant revenue losses for African countries. This issue directly impacts the ability of African nations to fund essential public services, address socio-economic disparities, and achieve sustainable development goals.
TJNA aims to address this challenge by advocating for robust tax policies and international agreements that promote transparency, accountability, and equity in the taxation of MNCs. This involves pushing for measures such as the implementation of a minimum global corporate tax rate, closing tax havens, and enhancing the capacity of African tax authorities to effectively combat tax evasion and avoidance.
TJNA fosters dialogue between governments, civil society organisations, and the private sector to develop inclusive and effective tax policies that ensure MNCs contribute their fair share to the economies in which they operate.
It is important to address the root causes of illicit financial flows (IFFs) and profit shifting by MNCs. This requires not only strengthening domestic tax systems but also addressing issues of trade mispricing, transfer pricing manipulation, and aggressive tax planning facilitated by gaps in international tax rules. By advocating for comprehensive reforms at both the national and international levels, TJNA aims to create a more equitable and sustainable tax system that fosters economic development and social justice across Africa.
