“The rapid growth of the global economy in recent years has meant that international
tax laws have not kept pace with changes in the global business environment, with
the consequence that multinational corporations (MNCs) are not necessarily taxed appropriately. For Africa and the rest of the world, a healthy public finance system is a necessary condition for equitable and sustainable economic growth. Against this background, this paper examines the need for global standards of taxation that are
beneficial to developing countries. More specifically, the paper reviews the G-20
agenda on taxation and the Organization for Economic Cooperation and Development
(OECD)/G-20 Base Erosion and Profit-Shifting (BEPS) project, and looks at how these initiatives can benefit African countries.”
