Tax justice Network, Global Alliance for Tax Justice and Public Services International have revealed that tax evasion by multinationals causes the loss of 167 billion CFA francs in one year in Cameroon. The recently released report takes stock of tax justice around the world.

Some companies exploit legal loopholes in tax systems and irregularities in national rules to evade paying their fair share of tax. The report notes that each year, multinationals established in Africa transfer an average of 51.6 billion dollars in profits to tax havens, generating losses for the states of the continent of up to 15 billion dollars (about 8700 billion CFA francs). ) per year in direct tax revenue. Cameroon, which has a large number of subsidiaries of large multinationals, is no exception to this reality. Studies estimate at 873 million dollars (approximately 506 billion CFA francs) the profits generated by these multinationals and transferred abroad; i.e. an annual tax loss of at least 167 billion CFA francs. This represents 0.8% of gross domestic product.