THE AGYAPA ROYALTIES DEAL IS A TAX AVOIDANCE SCHEME

Press Statement

For immediate released on the 27th August 2020
THE AGYAPA ROYALTIES DEAL IS A TAX AVOIDANCE SCHEME
The Tax Justice Coalition-Ghana has followed with keen interest government’s move to establish a Special Purpose Vehicle (SPV); Agyapa Royalties which have a controversial clause above the Ghana tax laws with the view to enhance national revenues for development. We, the Tax Justice Coalition support the call by the Alliance of CSOs working on Extractives, anti-Corruption and good Governance for the immediate withdrawal of this deal.
It is unfortunate that at the time when global effort is against financial secrecy, particularly in the interest of developing countries, our Government is seeking to glorify offshore transactions in order to profit from the opacity.

Click to real full release; TJC PRESS STATEMENT- 07 08 2020