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BusinessAfrica gears up for 11th Pan-African Conference on taxation and illicit financial...

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Africa gears up for 11th Pan-African Conference on taxation and illicit financial flows

Stakeholders in Africa’s tax sector are preparing for the 11th Pan-African Conference on Illicit Financial Flows and Taxation (PAC) set to take place in Ghana.

Organized by the Tax Justice Network Africa (TJNA) and The African Tax Administration Forum (ATAF), this conference provides a vital platform for exploring strategies that empower African nations to actively engage in international discussions impacting domestic resource mobilization and the prevention of illicit financial flows.

Bringing together officials from Pan-African organizations, tax administrations, finance ministries, civil society groups, parliamentarians, and academia/researchers, the conference operates under the theme “Making Global Tax Governance Work for Africa.”

Participants will engage in discussions to shape a unified African stance on international matters affecting domestic resource mobilization and to identify actions and solutions for key actors, including governments, parliamentarians, civil society, the private sector, and other policy players.

Amid Africa’s developmental goals, the continent requires additional resources to address global crises, align with SDGs, and prioritize Agenda 2063.

The Annual Sustainable Development Goals financing gap for Africa stands at approximately USD 190 billion (African Union 2023).

Bridging this gap necessitates the development of regional value chains, fostering fair market access through intra-Africa trade, effective tax collection, and combatting illicit financial flows.

PAC 2023 focuses on building partnerships and collaborations to mobilize collective action within the tax sector, recognizing that these alliances are critical for Africa to lead international conversations on domestic resource mobilization and illicit financial flows on the continent.

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