EU-Africa parliaments call for effective taxation systems
Windhoek – In order to allow people-centred and inclusive development, there is need to promote and enhance macro-economic governance, starting at continental level, which then trickles down to all state levels.
Therefore, fair and effective taxation systems should be established and enforced to ensure sustainable state revenue for the provision of effective services to the citizens.
These are some of declarations made during the joint session of European and Pan-African Parliamentary held earlier this month in Brussels, Belgium.
They are included in a report presented to the Namibian National Assembly by Pan-African Parliament (PAP) third vice-president and country’s deputy speaker, Loide Kasingo.
According to Kasingo, the two assemblies noted that the principle of effective taxation should be respected and that companies pay their taxes in the country where they operate and generate their profits.
“Ambitious efforts must be made in both Europe and Africa to combat tax evasion, tax avoidance and illicit financial flows, which currently cost African countries billions of dollars every year.
“This should include, extending country-by-country reporting on financial and tax information to all European companies from all sectors, ensuring financial transparency through public registries of beneficial ownership, and including African countries as equal partners in discussions on international corporate taxation,” Kasingo said in the report.
The two parliaments met on the eve of the 4th Africa-EU Summit that was held on April 2-3, 2014. The summit that was held under the theme “Investing in People, Prosperity and Peace” brought together more than 60 EU and African leaders to map out the future of the two continents’ relations and reinforce links between Africa and Europe.
The meeting was held with the objective of addressing common challenges and bringing concrete benefits to citizens of both continents in accordance with the Joint Africa-EU Strategy.
According to the summit declarations, the leaders highlighted the close nature of EU-Africa relations and the shared values of democracy, respect for human rights, the rule of law and good governance as well as the right to development.
“The fourth Africa-EU Summit took place at a challenging time. It is important for progress and achievements already in place not to be adversely affected by budget cuts in the EU resulting in reduction for development cooperation,” Kasingo cautioned.
“The Pan-African Parliament and the European Parliament, national and regional parliaments as well as the civil societies on both continents must be fully involved in decision-making at their respective levels in order to ensure that there is proper transparency and accountability to all citizens involved in the process.
“This can only enhance the development of the well-being pf African states in economic and social terms, while ensuring that the basic principles of democracy, good governance and the rule of law are upheld.”