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Business management: More than 21 billion FCFA illegally transferred from Benin in 2021

10/02/2022
Categories: Companies

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Companies operating in Benin have released in all opacity, 211 million dollars, or more than 21 billion CFA francs in 2021. This is a report Tax Justice Network, Public Service International and Global Alliance for "tax justice" which talks about it .

According to analyzes by Tax Justice Network, Public Service International and Global Alliance for “tax justice”, tax losses due to tax avoidance by the wealthy and tax evasion by multinationals have caused Africa to lose an amount estimated at $17.1 billion last year, 2021. In CFA francs, this would correspond to 9750 billion CFA francs. A huge loss, which slows down the development of the continent. Of this sum, 211 million dollars, or 21 billion FCFA, come from Benin. In the list of countries drawn up by the Tax Justice Network, in West Africa, only Burkina Faso has managed to leave nothing out. In UEMOA, the record is held by Senegal with 799 million US dollars.

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