TPED President Sébastien Gonnet presented on the subject of the lack of comparables in Africa. He presented a proposed process for selecting foreign comparables in the absence of domestic comparables. Within this process, the country risk is a key comparability factor and the proposition involves selecting comparables from countries with similar risk profiles (and cost of doing business), proxied by the country rating. The conference was also the occasion to announce the publication in December 2019 of a Paper on the subject. The Paper is a response to the call for Research on comparables by the Platform of Cooperation on Tax (IMF, OECD, UN, WBG).
Prior to Mr Gonnet’s presentation, Mr Noel-Faustin Kouame led a panel on the views from various tax administrations of West Africa, including high-level representative officials from tax administrations of Ivory Coast, Mali, Burkina Faso, Togo as well a high-level representative of the Kenya Tax Authorities.
The participation to TPED to this conference is part of TPED’s Comparability Research Project (2018-2019), initiated early 2018.
