15/11/2017 – Today, in the margins of the 10th Global Forum meeting on Transparency and Exchange of Information for Tax Purposes held in Yaoundé, Cameroon Finance Minister Alamine Ousmane Mey, led a discussion with Ministers, high level representatives and officials from Africa on tax fraud and avoidance. They agreed on a call to tackle illicit financial flows through international tax cooperation.
As a result, recognising the recent so called “Paradise Papers”, they have relaunched African political support for more tax transparency and agreed on the Yaounde Declaration to:
They have asked that these efforts are also carried out at the continental level under the auspices of the African Union with the support of all development partners and international and regional organisations.
Taking this opportunity, France has committed to provide a substantial financial contribution for the new phase of the Africa initiative, which was renewed for three years, and will support African countries to fight illicit financial flows.
For further information, journalists should contact Pascal Saint-Amans, Director of the OECD Centre for Tax Policy and Administration, (+33 6 2630 4923), Monica Bhatia, Head of the Global Forum Secretariat (+ 33 6 10140422)