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الوطن
Africa's Appeal to Firms
Johnston Makhubo, chair of the African Tax Administration Forum, said that the continent’s natural resources, mineral wealth, skilled workforce and technological capabilities give it a competitive edge in attracting multinational companies and strengthen African countries’ negotiating power. Speaking at a forum hosted by the organization in Cairo, he added that mining companies cannot easily move their operations away from the minerals found on the continent, reinforcing countries’ ability to protect their tax rights. He noted that international tax cooperation and the implementation of the global minimum tax narrow the scope for profit shifting and evading tax obligations.
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