Tax Reform Could Boost Sub-Sahara Revenue by 5% of GDP, IMF Says:

Sub-Saharan African countries could increase tax revenue by an average of 5 percent of gross domestic product — much more than what they receive in international aid — if they reform their tax policies, the International Monetary Fund said. Key steps would be to strengthen value-added tax systems, streamline exemptions and expand coverage of income taxes, the Washington-based IMF said in its regional economic outlook released Tuesday. Developing new revenue sources, such as property levies, and using technology that could ensure access to more reliable information would also help, it said. For more>:


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