Tax transparency can play a critical role in combatting money laundering and terrorism financing, tax evasion and other types of illicit financial flows (IFFs) and enhances domestic resource mobilisation according to a new report published by the Global Forum on Transparency and Exchange of Information for Tax Purposes.

Tax Transparency in Africa 2023 reports “remarkable developments” in 2022 in the forum’s Africa Initiative on raising political awareness and commitment in Africa to tax transparency, and developing capacities in exchanges of information (EOIs) and tax transparency. It also reports revenue gains from EOIs facilitated by the initiative since 2009 at over €1.69 billion (US$1.85 billion).

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