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Transfer pricing or rather transfer mispricing is a global matter which needs to be dealt with immediately. Any more delay will worsen the already bad situation. With the upcoming Third International Conference on Financing for Development, tax justice networks across the globe are advocating for a global tax body that will ensure fair international tax laws. Developing countries especially in Africa have suffered enough from loss of tax revenue due to base erosion and profit shifting caused by the tax avoidance strategies being adopted by multinational companies. Read this New report: “Tax Avoidance, Tax Evasion and Tax Havens” that I found to be interesting. Be sure to read the entire document for your information.
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