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THE IMPACT OF CORRUPTION ON TAX REVENUES, TAX COMPLIANCE AND ECONOMIC DEVELOPMENT: PREVAILING TRENDS AND MITIGATION ACTIONS IN AFRICA
The impact of corruption on development is well-documented and a multitude of international instruments and domestic laws are in place to address corruption. Despite these initiatives, the prevailing trend across Africa is that socio-economic decisions by government are informed by the interests of patronage networks that are further advanced through institutional weaknesses. The pervasiveness of these conditions has a severe impact on domestic resource mobilisation because it complicates enforcement efforts on the part of tax authorities. Over and above increasing their own efficiencies, tax authorities are thus under pressure to identify and implement mitigating actions to address the impact of corruption in conjunction with other stakeholders.
Keywords: Africa, corruption, fraud, regulation, tax evasion