44
submitted 1 year ago* (last edited 1 year ago) by soumerd_retardataire@lemmygrad.ml to c/worldnews@lemmygrad.ml

Confirmed here :

“The government denounces the double taxation agreement signed on August 11, 1965 between Burkina Faso and the French Republic, which entered into force on February 15, 1967, including its amendment signed on June 3, 1971, which entered into force on October 1, 1974,” reads the press release
(...)
Phillipe Traoré, a tax expert from Burkina Faso, explained that the double taxation treaty, among other things, allows individuals and companies to avoid paying taxes on the same income in two different countries.
He believes that this measure is “very serious for French multinationals” established in Burkina, adding that “all French income derived from activities carried out on Burkinabe soil will now be taxed.”
(...)
In his opinion, this gives them a competitive advantage over all other companies operating in Burkina Faso.

I'm french and have never heard of this before, there's so much more to know.

If we consider that a double taxation would be wrong, then it should still logically be the contrary of the current situation : the benefits earned in a country have to be taxed by that country, not the country of residence.

you are viewing a single comment's thread
view the rest of the comments
[-] ihaveibs@lemmygrad.ml 11 points 1 year ago* (last edited 1 year ago)

Do we think West Africa is the weakest link in the (neoliberal) chain right now? Would love some good resources that go more in-depth

[-] redtea@lemmygrad.ml 7 points 1 year ago

It's definitely a weak link. I'd also like to read more about this.

this post was submitted on 16 Aug 2023
44 points (100.0% liked)

World News

2310 readers
117 users here now

founded 4 years ago
MODERATORS