Piketty: EU must demand more transparency from companies in Africa

French economist Thomas Piketty defended on 10 September 2015 at a forum organised by the newspaper Le Monde that the European Union should require companies operating in Africa to disclose the taxes they pay there more transparently, to ensure they contribute fairly to government revenues.

Mr Piketty said development in Africa remained hobbled by some of the world's lowest rates of tax collection, stating that the biggest international companies, which often negotiate preferential tax deals with African governments, should be paying at least as much tax as small- and medium-sized companies, most of which are locally owned.

• Primary Source

ESO: Background information: EU multinationals scamming Africa out of billions, Tanzanian MP says http://www.europeansources.info/record/eu-multinationals-scamming-africa-out-of-billions-tanzanian-mp-says/

ESO: Background information: NGOs call on election candidates to target tax-dodging multinationals http://www.europeansources.info/record/ngos-call-on-election-candidates-to-target-tax-dodging-multinationals/

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