YTJN at the Pan-African Network Conference on Fighting Illicit Financial Flows in Africa
Related Articles
YTJN, African Forum and Network on Debt and Development (AFRODAD), Global Alliance for Tax Justice (GATJ), Friedrich-Ebert-Stiftung, the United Nations (UN), Rosa Luxemburg Stiftung, civil society organizations, and other stakeholders will be in Tunis, Tunisia for the Pan-African Network Conference on Fighting Illicit Financial Flows in Africa from June 26 to 28, 2024. The conference, themed ‘Africa’s Tax Agenda in Combatting Illicit Financial Flows: From Words to Action’, will bring together senior officials in key government ministries and departments, international organizations, civil society organizations, revenue authorities, development partners and parliamentarians to engage in high-level discussion on the substantial strides African countries have taken in combating illicit financial flows considering the evolving dynamics of national, regional, and international taxation policies. The fight against IFFs is integral in ensuring that all illicit movements of capital from developing countries are regulated, so that they can no longer erode the public finance, governance, and progress of developing countries. IFFs drain and deplete tax collections while also facilitating corruption and depriving countries of their greatest resource: citizenry. IFFs are detrimental because they finance criminal and terrorist activities that support human rights violations, climate destruction, environmental damage, and other bad actors. These shocking consequences and broad scale of IFFs necessitate a collaborative worldwide effort of civil society, global partnerships, organizations, and actors taking demands and massive stands so we can make needed changes and end them. The study looks at the potential survivors who can actively engage in the fight against IFFs, the youth in an approach on how they can join or the networks they can access as part of a solution. Illicit financial flows (IFFs) are funds which are illegally earned, transferred or utilized. These funds are transferred across the border in an illegal way by mining magnates and business tycoons who do not want to pay legitimate taxes. They are an outcome of home policies in global and domestic settings. A myriad of causes are responsible for the existence of illicit financial flows such as secrecy which allows easy transfer of IFFs, excessive transaction pricing, tax abuse, etc. To highlight the consequences of illicit financial flows, they reduce domestic resources, hurt economic growth and public institutions, and provide social amenities. On the 28th of June, YTJN and other partners will be holding a side session (7) focusing on DRM and Debt Management; 0830 – 0945hrs (Tunis time) Side session 1: From Resolution to Action: Feminist perspectives on democratizing the UN Tax process for a gender-just and inclusive global tax system Side session 2 - Enablers of IFFs in Africa and Why a Beneficial Ownership Transparency Standard for Africa is in line with Global Financial Reforms Side session 3 - IFFs, Debt and Finance for Development - The Case for Reforming Global Financial Architecture 1000-1115hrs (Tunis time) Side session 4 - The parallel processes that distract Africa from the UN path Side session 5 - Investigative journalists as allies in the fight against IFFs Side session 6 - Leveraging on tax policy as a tool to Curb IFFs and attain the SDGs 1130 –1245hrs (Tunis time) Side session 7 - Navigating the Challenges of Domestic Resources Mobilisation in Africa and its Debt Management Implications Side session 8 - Corporate Power and Africa's Competitive Advantage: Illicit Financial Flows and Inequality in the Agricultural and Extractive Industries in Africa Side session 9 - Combatting Illicit Financial Flows to Transform Education Financing in Africa: Africa’s Tax Agenda and the AU Year of Education For more information about our participation at the conference, please contact John Paul Kafuko at jonkafuko@ytjn.org , Allan Muhereza Murangira at mamurangira@ytjn.org and Lewis Ssemujju at lewis@ytjn.org
Related Articles
News
Advancing Care Economies: Why Fair Allocation of Taxing Rights Matters for Global and Gender Justice
Often, we are told there is no money for healthcare, for education, or for care infrastructure. Yet billions vanish through tax havens and profit-shifting schemes every year. This...
From Youth Unemployment to Revenue Engine: How Taita Taveta’s Youth Service Act is Forging a New Fiscal Future for Kenya
YTJN partnered with the Kenya Young Members of County Assembly (KYMCA) to pilot a transformative law in Taita Taveta County. The goal was both audacious and simple: to draft a bill...
