Additional tax revenue through Avatar Technologies : A solution to finance infrastructure in Africa
25 May 2016
The continent has to reply on putting in place infrastructure in order to maintain its economic growth. However, Africa is experiencing a huge financing gap for its infrastructure projects and to solve this Africa needs to opt for mobilising a wide array of sources, in particular increasing its tax revenue.
Some solutions have been developed by Avatar Technologies aiming to increase the tax base and in doing so additional revenue can be obtained for the financing of national projects on the continent. Its advantages include the control in real time by governments of the tax transactions in their country, the cost reduction of tax collection and the means of combatting tax evasion.
The revenue generated through Avatar Technologies could be redirected to finance infrastructure in Africa and in this way the continent can dramatically reduce its dependence on foreign aid by using its own resources.