Akufo-Addo charges on multinationals over non-payment of taxes

SHARE:


President Nana Akufo-Addo has said he will not tolerate illegal capital flight by multinational companies who fail to pay right taxes.

“The big players in our economy, the mining companies, the oil companies and the telecom companies amongst others pay their correct taxes.

“For far too long, such companies have been the source of the massive flight of capital from our country. I am a firm believer in honest profits and I will not condone illicit financial out-flows. We know how injurious this has been to Africa’s development,” President Akufo-Addo said at the 3rd CEO’s Summit in Accra.

The president’s concerns follow similar sentiments expressed by his deputy, Dr Mahamudu Bawumia a few days ago.

Dr Bawumia said the 10 per cent ‘carried interest’ government earns from mining operations is “virtually useless” and has yielded zero dividend for government over the years.

He, therefore, called for a re-examination of the country’s natural resource control and governance strategy.

He said the situation has “deprived the people of Ghana of considerable amounts of domestic revenue”.

“We, therefore, have to re-examine our natural resource control and governance strategy, our resource fiscal regime from exemptions to carried interest, and how to use our natural resources to build a better and prosperous economies.”

COMMENTS

Do you wish to have a well paying job? Click Here

Name

celebrities,39,foreign news,17,Health,8,jobs,4,lifestyle,11,news,82,sports,7,trends,37,
ltr
item
OPHILS: Akufo-Addo charges on multinationals over non-payment of taxes
Akufo-Addo charges on multinationals over non-payment of taxes
https://1.bp.blogspot.com/-GhAVzvNOqlA/Wl9Q2ZQSemI/AAAAAAAAAQo/z19kY0twbygi-4yZggWJNCazF7afuJSFQCPcBGAYYCw/s320/26169114_10156012962609836_2085281669519006576_n.jpg
https://1.bp.blogspot.com/-GhAVzvNOqlA/Wl9Q2ZQSemI/AAAAAAAAAQo/z19kY0twbygi-4yZggWJNCazF7afuJSFQCPcBGAYYCw/s72-c/26169114_10156012962609836_2085281669519006576_n.jpg
OPHILS
http://www.ophils.com/2018/05/akufo-addo-charges-on-multinationals.html
http://www.ophils.com/
http://www.ophils.com/
http://www.ophils.com/2018/05/akufo-addo-charges-on-multinationals.html
true
5970705892315438142
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy