Securing Domestic and Foreign Tax in Africa: What role for the G8?

Monday, 13 May 2013 - 6:00pm to 7:30pm

Image originally found here www.iccwbo.org

Date & Time:  Monday, 13 May 2013, 6-7:30PM
Place: Committee Room 11, Houses of Parliament

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Speakers: John Christensen, International Secretariat Director, Tax Justice Network; Ben Dickinson, Head, Tax & Development, Organisation for Economic Co-operation and Development (OECD); Alex Cobham, Center for Global Development; Professor Ronen Palan, Professor of International Political Economy, City University London. Chair: Hugh Bayley MP, Chair, Africa APPG

Event in partnership with the Africa All Party Parliametary Group

The 2005 G8 Summit, hosted by the UK at Gleneagles, brought Africa to the forefront of the world’s attention, with a tremendous push for increased levels of aid. Since then, however, we have seen a shift from NGOs and Governments alike to a “beyond aid” development agenda, incorporating a range of other policy areas, including trade, tax and transparency, the subjects prioritised by this year’s UK G8 Presidency.

Concerning Tax, Prime Minister David Cameron wants to concentrate the efforts of the G8 on ensuring tax compliance in developed and developing countries alike. The UK’s G8 Presidency aims to strengthen international tax standards and work with developing countries to enable them to collect tax more effectively. The potential benefits of a fairer international tax regime are clear. Poor tax practices, including transfer mispricing and the misuse use of tax havens, are reported to have caused an estimated $814bn loss of revenue to African governments between 1970-2010.

Our expert panel will discuss how the global tax system can be more effectively structured to the benefit of low income countries in Africa and what influence the UK-hosted G8 summit has to bring about these changes. Specifically, we will ask: how would a fairer global tax system work? What influence does the G8 have on global tax system reform and how effective can we expect them to be in this regard? How can African governments more effectively tax domestic and foreign investors? What role can the G8 play in supporting African governments in their tax collection? How is the G8 likely to address the issue of tax havens – a number of which are found within UK territory?