Tax reforms across Africa: New win-win approaches to spur mining sector investment and employment

The G-20/OECD international taxation reforms that most resource rich countries have agreed to represent the greatest disruption to international tax norms in over 100 years. These reforms, combined with the market disruptions related to the energy transition, will require new approaches to taxation by both taxpayers and governments. 

The international alignment by the global minimum tax (Pillar Two of the OCED Reforms) will require countries to seek better ways to administer their tax systems for multi-national corporations. This panel will explore ways to improve compliance procedures and transparency to improve revenue collection and convergence with the new international norms.  

Additionally, the panel will discuss the tax / revenue implications of the disruptions related to the energy transition. The rapidly growing need for critical minerals for electric vehicles and batteries represents great opportunities, but also high risks. There is uncertainty of market conditions and future technology and innovation that may make tomorrow’s batteries less reliant on critical minerals. How do investors/taxpayers and governments share the rewards and risks in such a way to attract more investments.