Financial Transparency Coalition

A Discussion Paper on the policy frameworks promoting Beneficial Ownership in Africa.

By Sakshi Rai, Andres Arauz, Francois Godbout, Grace Mbogo, Luis Moreno, Mae Buenaventura and Robert Ssuuna

Tax incentives have been widely used on the justification that they attract investments. Yet there is mounting evidence that they are largely ineffective. So why are they still so popular among politicians and policymakers?    

New report Trapped in Illicit Finance: How abusive tax and trade practices harm human rights – by FTC members Christian Aid, Centre for Budget and Governance Accountability and Fundación SES – demands that the ‘legalistic’ definition of illicit financial flows goes beyond only illegal flows of money. The report estimates that developing nations lose $416