RSS Feed  Les actualités de la BRVM en Flux RSS

NEWS FINANCIÈRES

Nous agrégeons les sources d’informations financières spécifiques Régionales et Internationales. Info Générale, Economique, Marchés Forex-Comodities- Actions-Obligataires-Taux, Vieille règlementaire etc.

Gabon: More than 144 billion CFA francs lost due to tax evasion

04/02/2022
Categories: Economy/Forex

Enjoy a simplified experience

Find all the economic and financial information on our Orishas Direct application to download on Play Store

Tax evasion has plagued Gabon's tax revenues for several years. The report “tax justice: state of play 2021”, published by the Tax Justice Network group indicates that the total annual loss of tax revenue amounts to 248.7 million dollars (144.369 billion CFA francs).

Total annual tax revenue losses represent 1.5% of Gabon's GDP. According to the report, these losses are divided between those related to corporate tax fraud, which are around 227.40 dollars (132 billion FCFA), and those related to offshore wealth, i.e. 21.3 million. dollars (12.4 billion FCFA). These annual tax losses related to corporate tax abuse are equivalent to the possible full vaccination of 14.5 million people and represent 1.4% of the country's GDP, according to data from the report “Tax justice: state of play”.

With regard to the profits made in Gabon and transferred abroad, they are estimated at 440 billion FCFA. Added to this is the offshore fortune held by the country's citizens, which is around 1.8 billion dollars (1044 billion CFA francs), or 10.8% of GDP. As for the loss of tax revenue linked to offshore wealth, they are of the order of 21.3 million dollars (12.4 billion FCFA).

Provided by AWS Translate

0 COMMENTAIRE