MANY poor countries’ rich resources are exploiting by international companies at a great profit, says Visiting Norwegian state secretary Ingrid Fiskaa.
In a statement released in Lusaka, Fiskaa observed that very little of this wealth and value creation benefitted the countries concerned in the form of tax revenues.
Fiska is in the country to follow up on the Norwegian political commitment to help increase tax revenues in partner countries and combat illegal financial flow.
“Increased tax revenues will better enable poor countries to finance their own development and make them less dependent on external assistance. The intention has never been that taxes in recipient countries should be replaced by aid,” Fiskaa said.
Fiskaa named Zambia, Mozambique and Tanzania as three countries Norway was cooperating with in the field of creating good tax collection systems.
“We have developed good tax collection systems in Norway. The Norwegian model cannot be transferred wholesale to these countries, but we have valuable expertise we can share with them,” said Fiskaa. “In many cases the problem is that exemptions create huge loopholes in their tax systems. Many companies and individuals pay almost no tax. If the rich get away with paying little or no tax, there is little incentives for others to pay their share.”
In a statement released in Lusaka, Fiskaa observed that very little of this wealth and value creation benefitted the countries concerned in the form of tax revenues.
Fiska is in the country to follow up on the Norwegian political commitment to help increase tax revenues in partner countries and combat illegal financial flow.
“Increased tax revenues will better enable poor countries to finance their own development and make them less dependent on external assistance. The intention has never been that taxes in recipient countries should be replaced by aid,” Fiskaa said.
Fiskaa named Zambia, Mozambique and Tanzania as three countries Norway was cooperating with in the field of creating good tax collection systems.
“We have developed good tax collection systems in Norway. The Norwegian model cannot be transferred wholesale to these countries, but we have valuable expertise we can share with them,” said Fiskaa. “In many cases the problem is that exemptions create huge loopholes in their tax systems. Many companies and individuals pay almost no tax. If the rich get away with paying little or no tax, there is little incentives for others to pay their share.”
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