What taxing the global digital economy means for Africa?

Brandon Oaker and I wrote the following article which was published in Business Day late last year and I wanted to post it here as well with a few updates.

As the G20 and most inclusive framework countries back a two-pillar global tax reform to address tax challenges that have arisen from the globalisation and digitisation of the global economy, Africa needs to campaign for more equitable tax allocation to ensure it is not left behind once again.

When gross domestic product (GDP) was first postulated in the first half of the last century, it measured physical goods and services within a brick-and-mortar environment to represent a country’s economic contribution to the global economy. But in a world where assets and services aren’t just physical but digital, intangible, fluid and often volatile, a century-old tax regulation is no longer fit for purpose and needs an overhaul.

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