transfer pricing fraud in the ghana s mining sector

  • Mining and Petroleum Taxation (Diagnostic Assessment) - IMF

    The Principles of Optimal Taxation of the Extractive Industries (Mining and assess possible transfer pricing practices aimed at reducing taxable profits in Mali. The ring-fencing principle can also help to combat the tax fraud associated with . Mali is the second-largest producer of gold in West Africa, behind Ghana, and.

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  • Transfer Pricing in the Mining Sector - Natural Resource

    mining equipment and machinery to its Ghana-based subsidiary. The price Transfer Pricing in the Mining Sector: Preventing Loss of Income Tax Revenue.

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  • keynote address by hon. mona quartey(mrs) - The Ghana Extractive

    However, the mining sector's contribution to Ghana's total tax revenues has been including money laundering (ML), insider dealings, tax fraud, transfer pricing,

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  • Ghana - US Department of State

    Jul 5, 2016 Despite the current macro-economic challenges, Ghana's abundant . Note that mining or oil &gas sector companies are required to . Ghana's investment laws guarantee that investors can transfer the .. Offering the sale of gold or gemstones at discount prices is also a common form of fraud in Ghana.

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  • Dubai Congo a.indd - Africa Portal

    2 Final Report, UN Group of Experts on DRC, S/2014/41, 23 January, 2014, para 171. 1 than through formal banking channels, and a lack of transfer pricing legislation offers . mining sector legislation, and operationalize implementation in the gold sector. accepted countries of origin like Ghana and South Africa.

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  • Request for Proposal - UNDP Procurement Notices

    Aug 5, 2015 the final price based on UNDP's re-computation and correction of errors, UNDP implements a zero tolerance on fraud and other proscribed practices, and is committed to Ghana's mining sector, which is to be focused on the structural . The Contractor shall not assign, transfer, pledge or make other

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  • Corporate social responsibility and political settlements in the

    Jan 1, 2017 responsibility (CSR) in the mining sector in Zambia, Ghana and Peru. The paper adopts a . s move to develop a .. 2014 uncovered evidence of the use of transfer pricing to funnel profits out of Zambia untaxed at the national level is seen as a vehicle for fraud of both moral and financial kinds. The most

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  • Transfer Pricing in the Extractive Sector in Ghana - Natural

    the significant contribution of the extractive sector to Ghana's economic growth, steps to strengthen enforcement of transfer pricing rules in the mining sector. . fraud. The finance ministry is considering reviewing the penalties, which may.

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  • Zambia : 2018 Budget flawed, does not address tax evasion and

    Oct 1, 2017 Most of it is due to transfer pricing or tax avoidance. There is no doubt that government' s loss of revenue due to tax that the contribution of the mining sector revenue as percentage of GDP . Ghana Addo Inauguration 6-7/01/2017 36. GOVERNMENT SHOULD STOP THE SCAM WHEREBY CEC

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  • Tax revenue mobilisation in developing countries - Institute of

    Apr 11, 2014 exemptions, and inequitable rent-sharing in the extractive sector, amongst others. widespread use of aggressive tax planning and transfer mis-pricing in order to strengthen the fight against tax fraud and tax evasion. brought by the program, Ghana's income from taxation rose four-fold in nominal

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  • WIDER Working Paper 2017/75 The taxation of extractive industries

    The views expressed in this paper are those of the author(s), and do not Keywords: mining, mining taxation, royalties, additional profits tax, transfer Mineral prices fluctuate widely, more so than many other commodities, which .. example, in Ghana the general corporate income tax rate is 25 per cent but mines are

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  • TP in Extractive Industries - the United Nations

    Mar 31, 2017 1. Introduction. 2. Transfer pricing issues that may arise in the extractive industry Mining-specific Case examples and issues encountered. Example 1: .. 5 Available at ~/media/Files/S/Seven-.

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  • Ghana - Transfer Pricing Associates

    Ghana published the 'Transfer Pricing Regulations, 2012 (L.I 2188)' on 31 July 2012. Pricing Regulation of 2012, focused on audits in sectors like mining, oil and gas, to the standard administrative penalties (e.g. those pertaining to fraud or failure The taxpayer' s global organizational structure, location and ownership

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  • ghana report - Tax Justice Network

    GHANA. REPORT. Taxation and Development in Ghana: Finance, Equity Akabzaa, whose work on the mining sector provided the basis for the mining section . amidst uncertain claims of fraud by the opposition3. . pricing policy in order to raise enough revenue to . include the Vehicle Income Tax on public transport.

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  • Ghana - 3-Legal Regime export.gov

    Jul 24, 2017 Ghana - Pricing . Ghana regulates the transfer of technologies not freely available in Ghana. from within the energy sector: the Government of Ghana has expressed a including patents, copyrights and trademarks, commercial fraud, The GIPC, Free Zones, Labor, and Minerals and Mining Laws

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  • Spotlight on Africa's transfer pricing landscape - PwC

    Todorova from PwC US take a detailed look at transfer pricing in Africa. Despite the recent industries, especially mining, oil and natural gas. Ghana's thin capitalisation rules disallow . provisions of the Taxation Act relating to fraud,.

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  • Transfer Pricing - Arm's Lenght Standard Tax Deloitte South Africa

    The latest edition of the Arm's Length Standard is now available for download. The publication contains various articles and key insights from our Deloitte

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  • budget speech 2012 financial year - Ministry of Finance - Ghana

    Nov 21, 2011 Madam Speaker, Ghanas economy has witnessed significant .. US$160 billion every year through transfer pricing fraud. Recent studies in the mining sector showed that Ghana loses about US$36 million a year through.

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  • Political Economy of the Mining Sector in Ghana - World Bank

    The net impact of the mining sector on Ghana's development has been .. government a limited share of revenues and the problem of transfer pricing. 2. .. favored appointees and undermine the tenure of the staff of the Serious Fraud Office,.

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  • Ghana's Initial data collection and stakeholder consultation

    Dec 15, 2016 light of Ghana's long tradition of mining and an oil sector in . and small-scale mining, commodity trading and transfer pricing. .. 44 Ghana Live, 15 October 2015, Tariff increase orders are fraudulent for gov't Dr. Manteaw.

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

    The transfer pricing rules follow the arm's length principle and require the use Act on fraud, failure to file returns, penalty for under-payment of tax and offences,

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  • Mozambique introduces new tax regime and incentives for the - EY

    Oct 20, 2014 28/2014 (the new Mining Tax Law) which introduces a new tax framework for ABCDEFGHIJKLMNOPQRSTUVZ . Home; » Services; » Tax; » Mozambique introduces new tax regime and incentives for the Mining Industry in Mozambique to comply with the local transfer pricing rules, under the principle

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  • Mining Risk Review - Willis

    sector continues to face low commodity prices, combined with rising operational For the past decade the mining industry has outperformed the broader equity . provide a financially efficient form of risk transfer for a range of risks. RISK EVENT Employee Fraud/Dishonesty. 0.21% Gold-rich Ghana's. 2012 budget

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  • KPMG Ghana KPMG GH

    KPMG combines our multi-disciplinary approach with deep, practical industry knowledge Obasanjo Way (formerly Achimota Road), Abelenkpe-Accra, Ghana.

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

    Apr 11, 2016 2.1 Scams oil at below market prices; invitation to share property or inheritance Ghana's economy slowed down to an estimated 3.5% growth rate in particularly look at partnerships, training and transfer of technology. promotes investments in all sectors of the economy except mining and petroleum.

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  • Appendix C: Country Study Ghana - European Commission

    Transfer pricing and developing countries - Ghana .. mining and quarrying, and real estate sectors accounted for 49%, 18%, 15% and 6%, respectively, of foreign the contributions of MNEs to Ghanas economy cannot be overemphasised.

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  • Illicit Financial Flows - United Nations Economic Commission for Africa

    standard that compares the transfer prices charged between related The real person or group of people who control(s) .. mining sector is regarded as the economic foundation for the country's post-conflict reconstruction. .. government of Ghana also reported that SIM box fraud has cost $5.8 million in stolen taxes alone

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  • Sustainable and Responsible Mining in Africa - IFC

    in investment and resource prices has contributed to the continent's Gross Domestic Product Studies from Ghana for example found that in 2005, the mining industry . mining and issue laws to regulate gold marketing and curb fraud cases33. technology transfer, and use of local manpower and local manufacturing.

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  • Ghana Strategy Series - KPMG

    in electricity supply, deficient transport infrastructure is a problem that will investment in Ghana's mining sector are economic, and the most serious is the .. Since then, the prices for petrol, gas oil, and liquefied petroleum gas (LPG) have been .. reading and billing for some customers, and improving security to limit fraud

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

    studies including Ghana, Guinea, Sierra Leone and Tanzania. steps to strengthen enforcement of transfer pricing rules in the mining sector. The . default, and 52.5 percent for fraud. .. +mispricing.

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