Welcome to African Tax Matters covering the last quarter of 2018.
One of the latest highlights is the European Commission’s new proposal of initiating a new alliance between EU and Africa. The proposal aims at creating and strengthening the economic partnership between the two continents while moving away from the historical approach with providing development aid. Thus, instead of supply of development funds, Europe should strengthen and boost the investmentplan focused on Africa.
President Juncker was, among other things, at the State of the Union proposals quoted for saying:
“Africa does not need charity, it needs true and fair partnership. And we, Europeans need this partnership just as much. Today, we are proposing a new Alliance for Sustainable Investment and Jobs between Europe and Africa. This Alliance, as we envision it, would help create up to 10 million jobs in Africa in the next 5 years alone. I believe we should develop the numerous EU-African trade agreements into a continent-to-continent free trade agreement, as an economic partnership between equals.”
Finally, this quarterly newsletter highlights tax-related news updates affecting the developing tax regimes as well as new or amended tax rules and incentives. Moreover, the purpose of this newsletter is to shred light on the vast tax aspects in connection with the significant business potential for Danish public and private investors in Africa.
Continue reading and download the newsletter here.
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