The Global Economic Governance (GEG) Africa programme is a policy research and stakeholder engagement programme to strengthen the influence of pro-poor African coalitions at global economic governance fora.

Tax and transparency

Illicit financial flows are a pervasive and rising problem, with consequences for socio-economic development, growth and stability. Approximately 60% of illicit financial flows stem from commercial transactions involving multinational enterprises, compared to only 40% from criminal activities, corruption and the theft of public funds. South Africa and African countries are increasingly concerned about the development effect of base erosion and profit shifting, as well as losing more tax receipts as a result of illicit financial flows.

The GEG Africa programme will focus on three core issues relating to illicit financial flows: beneficial ownership, country by country reporting and trade mispricing. Key stakeholder groups will be engaged with, to shift the terms of the debate and prompt policy innovation in national, regional, and continental contexts.

Combatting bribery, money laundering and tax evasion should be a priority if Africa was to finance its transition to middle income status and increase prosperity, said Vera Songwe, the executive secretary of the UN Economic Commission for Africa.
GEGAfrica Policy Briefing, May 2017
Monday, 20 February 2017 11:39

Transparency in Beneficial Ownership

Written by
GEGAfrica Discussion Paper, February 2017
Dear Editors and Journalists, 
GEGAfrica Policy Briefing, October 2016

  • Location Pretoria
A Study Group on Beneficial Ownership, co-hosted by GEG Africa and the South African Department of Public Service and Administration, brought together various stakeholders from international and local spheres to discuss the issues surrounding transparency in beneficial ownership.

  • Location Pretoria
On 16 July 2016, the GEG Africa programme hosted a illicit financial flows (IFFs) scoping workshop on 'Achieving Sustainable Development Goals to significantly reduce IFFs: Developing the GEG Africa 3-year programme.' The event was held in partnership with the Global Tax Policy Centre at the University of Vienna.

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