Tax Avoidance in Sub Saharan Africa’s Mining Sector

The IMF is hosting a high-level panel discussion on Friday, November 5 at 8AM ET/ 12 noon GMT moderated by Deputy Managing Director Antoinette M. Sayeh on Tax Avoidance in Sub Saharan Africa’s Mining Sector. The panel discussion will feature the Hon. Ipumbu Shiimi, Minister of Finance of Namibia, the Hon. Lassané Kaboré, Minister of Economy, Finance and Development of Burkina Faso, Mr Tom Butler, formerly CEO of the International Council on Mining and Metals (ICMM), and Professor Léonce Ndikumana, Commission Member of the Independent Commission for the Reform of International Taxation (ICRICT).

The panel will engage in a lively discussion on the importance of mining in Sub-Saharan Africa, the role of multinational enterprises (MNEs), and how mining needs to contribute to financing public spending and economic recovery.

The panel will also examine new evidence from an IMF departmental paper on the extent of international profit shifting and tax avoidance by mining MNEs, the impact of tax competition to attract mining investments into Sub-Saharan Africa, and the policy responses that would best fit the region to respond to these challenges.

If you have any questions which you would like addressed by participants at this event, email: IMF-SSA_Tax_Avoidance@imf.org