transfer pricing fraud in the ghana s mining sector


Posted on November 22, 2018



Transfer Pricing Abuse: the Ghanaian Perspective and the Role of .fraud. Recent studies in the mining sector showed that Ghana loses about US$36 million a year through transfer pricing. Together with the. Ghana Revenue Authority we have drafted regulations to strengthen existing tax legislation to deal with taxation of multinational companies and minimize the incidence of abuse of.transfer pricing fraud in the ghana s mining sector,transfer pricing fraud in the ghana s mining sector,Transfer Pricing in the Mining Sector in Zambia - Natural Resource .“transfer mispricing.” This case study investigates the barriers to implementation of transfer pricing rules in the mining sector in Zambia. It forms part of a series of five country case studies including Ghana, Guinea, Sierra Leone and Tanzania. The result of this study is .. default, and 52.5 percent for fraud. That taxpayers are.


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Tackling Tax Evasion: Transfer Price . - Digital Commons DU

Jan 1, 2012 . McLennan, Patrick Grant, "Tackling Tax Evasion: Transfer Price Manipulation, Extractive Natural Resources and a Strategy for the. Southern African . Pervasive corruption in the natural resource sector supports an environment where TPM ... Ministry of Finance and Economic Planning (Ghana). OECD.

Spotlight on Africa's transfer pricing landscape - PwC

country's natural resources without providing adequate compensation. As a result, there is speculation that some resource-rich nations, like. South Africa and Ghana, may impose a “super tax” on excess profits from mining.8 Nigeria, a nation that is expected to pass transfer pricing legislation in the coming year, has claimed.

2013 Transfer pricing global reference guide - Ghana - EY - Global

Taxing authority: Ghana Revenue Authority (GRA). Tax law: Transfer . The regulations apply to the following intercompany transactions between affiliated companies: . The provisions of the Act on fraud, failure to file returns, penalty for under-payment of tax and offences, may also apply to the transfer pricing regulations.

transfer pricing in the mining industry - EI SourceBook

The mining sector (including the oil and gas) is a significant sector within the SARS Large. Business Centre in terms tax payable;. • There are currently 10 major MNE's that make up the majority of taxpayers on register in the mining sector;. • Most of these taxpayers are headquartered outside of South Africa.

Transfer Pricing Abuse: the Ghanaian Perspective and the Role of .

fraud. Recent studies in the mining sector showed that Ghana loses about US$36 million a year through transfer pricing. Together with the. Ghana Revenue Authority we have drafted regulations to strengthen existing tax legislation to deal with taxation of multinational companies and minimize the incidence of abuse of.

Transfer Pricing in the Mining Sector in Zambia - Natural Resource .

“transfer mispricing.” This case study investigates the barriers to implementation of transfer pricing rules in the mining sector in Zambia. It forms part of a series of five country case studies including Ghana, Guinea, Sierra Leone and Tanzania. The result of this study is .. default, and 52.5 percent for fraud. That taxpayers are.

Addressing the Challenges of Transfer Pricing in Ghana

pricing fraud. Recent studies in the mining sector. showed that Ghana loses about US$36 million a. year through transfer pricing.” Transfer Pricing Abuse in . Ghana. Africa is rich in resources and income. generated by MNEs in the extractive, retail and. services industries are usually sourced in Africa. The desire of MNEs.

Transfer Pricing in Mining with a Focus on Africa A Reference Guide .

285 Appendix C.2 Factors Influencing Tax Administration Internal Structure to Deal with Transfer Pricing Issues in the Mining Sector . .. ALP in No No No General Income Tax Law Ethiopia Yes Being drafted No No Ghana Yes, S. 70 of IRA Yes (no APSs) Yes Yes Guinea Yes, in 2014 Financial Act No (no APAs) Yes, $25M.

transfer pricing fraud in the ghana s mining sector,

Ghana Transfer Pricing Country Summary Report - TPA Global

Jul 28, 2015 . Transfer Pricing Scrutiny. The Ghanaian Transfer Pricing Unit (TPU), which was set up in 2013, initiated the first cycle of transfer . response to the Transfer. Pricing Regulation of 2012, focused on audits in sectors like mining, oil and gas, manufacturing and the transfer of services. Transfer Pricing Penalties.

2013 Transfer pricing global reference guide - Ghana - EY - Global

Taxing authority: Ghana Revenue Authority (GRA). Tax law: Transfer . The regulations apply to the following intercompany transactions between affiliated companies: . The provisions of the Act on fraud, failure to file returns, penalty for under-payment of tax and offences, may also apply to the transfer pricing regulations.

Mining - unu-wider - United Nations University

The views expressed in this paper are those of the author(s), and do not necessarily reflect the views of the Institute or the United . Abstract: The taxation of the mining industry varies considerably from nation to nation. This . Keywords: mining, mining taxation, royalties, additional profits tax, transfer pricing, revenue.

Alexandra Readhead - Publications

This collection of work, consisting of a report and five country case studies, assesses the development and implementation of rules to monitor transfer pricing in the mining sector in Ghana, Guinea, Sierra Leone, Tanzania, and Zambia. The report sets out a number of recommendations that would help the five case study.

Domestic Resource Mobilization in Zimbabwe s Mining Sector

3.5 Sovereign Wealth Fund. 15. 3.6 Transfer Pricing. 15. 4. Domestic Resource Mobilization Impediments in Zimbabwe. 18. 4.1 Tax Administration/Capacity. 18. 4.2 Tax Incentives. 20. 4.3 Tax ... In Zambia, the CIT, charged on income earned on mining operations is 30%; in Ghana it is as high as 35%. While the diamond.

Finley, Ryan - Tax Notes

Mining Sector May Need Special Interest Rules, OECD Note Says. 4/23/2018. by Ryan Finley. Tax Notes International and Worldwide Tax Daily and BEPS Expert and Transfer Pricing Expert: News Stories.

Addressing problems of elite capture and political . - BIBSYS Brage

Jun 29, 2011 . are those of the author(s), and do ... and an inability to manage transfer pricing is the low government income from mining and other .. In Ghana's mining sector, a royalty, provided directly to the government quarterly, is the main source of revenue derived by gold mining. This royalty was previously set by.

Mining and Petroleum Taxation (Diagnostic Assessment) - IMF

The Principles of Optimal Taxation of the Extractive Industries (Mining and Petroleum) ..9. A. Transparency . .. assess possible transfer pricing practices aimed at reducing taxable profits in Mali. Likewise, the overexploitation of . The ring-fencing principle can also help to combat the tax fraud associated with any system of.

transfer pricing fraud in the ghana s mining sector,

Political economy of the mining sector in Ghana - Chr. Michelsen .

5730. Political Economy of the Mining Sector in Ghana. Joseph Ayee. Tina Søreide. G. P. Shukla. Tuan Minh Le. The World Bank. Africa Region. Public Sector . The net impact of the mining sector on Ghana's development has been relatively ... government a limited share of revenues and the problem of transfer pricing. 2.

Mining Risk Review - Willis

risk table for the coming year, mining companies must not forget . Price and currency volatility. 7. Capital project execution. 8. Sharing the benefits. 9. Infrastructure access. 10. Threat of substitution. Source: EY Business risks in mining and metals. 2013- .. provide a financially efficient form of risk transfer for a range of risks.

Genesis Mining Review - It's Not as Profitable as You'd Think

I bought a 1 year contract for 1MH/s ETH mining. I've paid 0.11BTC for it (equivalent of 45$ at the time). In one year, Genesis gave me back 2.38ETH (equivalent of 69$ now), so you could say that I've made a profit. But you would be wrong!!! That's just because the price of ETH is high now (29$ versus 12.5$ one year ago).

Corporate social responsibility and political settlements in the .

Jan 1, 2017 . Ghana, Peru. Frederiksen, T. (2016) Corporate Social Responsibility and Political settlements in the mining sector in Ghana, Zambia and Peru. .. that they have solved 'the problem of violence'. North et al.'s move to develop a framework for understanding the role of institutions and politics in development.

transfer pricing fraud in the ghana s mining sector,

illicit financial outflows - United Nations Economic Commission for .

Mobilization (DRM) in the mining sector in the four countries in order to elucidate the main sources of revenue leakages. ... operations or revenues. Foreign companies are registered in Ghana, Italy, South Africa, UK and ... IFF are carried out through trade mis-‐invoicing, transfer pricing, as well as illicit transfers of funds to.

The Private Sector as Culprit and Victim of Corruption in Africa

sectors such as banking and services; capital flight and trade misinvoicing; transfer pricing ... enforcement of rules and fraud deterrent mechanisms. . country has not received its fair share in the resource bonanza, a large share going to the multinational companies engaged in resource extraction and trade. Ghana also.

Doing business in Ghana: Ghana trade and export guide - GOV.UK

Apr 11, 2016 . request for contract registration or pre-qualification advance fees also known '419 fraud'; transfer of funds from fictitious, over-invoiced or failed contracts; promise of phantom contract or supplies; sale of crude oil at below market prices; invitation to share property or inheritance; request for invitation letter for.

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