African countries need to improve tax collection
16 May 2016
If Africa is to achieve its sustainable development goals, the continent needs to ensure absolutely no revenue is lost – especially focussing on ensuring no revenue is lost through tax evasion and fraud.
Tax systems in African countries are under-developed. If Africa were to improve its tax collection systems, the increased revenue could fund major development projects.
“Using tax revenue to invest in human development isn’t only good for individuals and families; it also builds the human capital that fuels economic growth.” With improved tax collection and increased revenue, the governments can use this money to deliver on their promises.
“Effective public finance won’t happen overnight but it can be done.”