Confirmed here :
“The government denounces the double taxation agreement signed on August 11, 1965 between Burkina Faso and the French Republic, which entered into force on February 15, 1967, including its amendment signed on June 3, 1971, which entered into force on October 1, 1974,” reads the press release
(…)
Phillipe Traoré, a tax expert from Burkina Faso, explained that the double taxation treaty, among other things, allows individuals and companies to avoid paying taxes on the same income in two different countries.
He believes that this measure is “very serious for French multinationals” established in Burkina, adding that “all French income derived from activities carried out on Burkinabe soil will now be taxed.”
(…)
In his opinion, this gives them a competitive advantage over all other companies operating in Burkina Faso.
I’m french and have never heard of this before, there’s so much more to know.
If we consider that a double taxation would be wrong, then it should still logically be the contrary of the current situation : the benefits earned in a country have to be taxed by that country, not the country of residence.
Do we think West Africa is the weakest link in the (neoliberal) chain right now? Would love some good resources that go more in-depth
It’s definitely a weak link. I’d also like to read more about this.
All those double taxation schemes are a scam all around. I think is EA or another big video game company that use something like that reporting the US sells in the Netherlands and the Europe sales in the US, telling each of the country that they were already taxed and avoiding taxes in both countries.
When I read the word “mine” I thought of the exploding kind
