Transfer pricing has emerged as a key area of capacity building for African governments. Responding to this and within the context of the African Mining Vision and the Report of the High Level Panel on Illicit Financial Flows from Africa (the Mbeki Report), the Africa Minerals Development Centre (AMDC) in partnership with the World Bank has commissioned the Mineral and Energy for Development Alliance (MEfDA) to deliver transfer pricing workshops in Africa.
These workshops will help build a network of leaders with current knowledge and tools to support their work as practitioners on transfer pricing and related issues in African states. They aim to improve the capability of African tax administrations to ensure that legitimate tax revenue from mining activities undertaken in their countries is not diminished by the transfer pricing/profit shifting practices of multinational enterprises (MNEs).
Participants include Government officers primarily from tax administrations and the ministries of Finance and Mining in mineral-rich countries involved with drafting, amending and enforcing transfer pricing legislation and supporting regulations, as well as other stakeholders including civil society organizations (CSOs) and non-government organizations active in the mining.