Exploration of the Roles of International Banks on Tax Evasion Mitigation in Developing Countries

Posted: 12 Jan 2015

See all articles by Professor Alain Ndedi

Professor Alain Ndedi

YENEPAD; ISTG-AC; Saint Monica University; University of Johannesburg; University of Pretoria

Henry Jong Ketuma

Saint Monica University

Date Written: January 5, 2015

Abstract

Since the 2008 economic crisis, countries are finding it more difficult to balance the budgeted revenues with their national expenses. The situation is worse in developing countries. Taxes, as part of government revenues are therefore viewed as an important element to deal with the above mentioned problem. However, tax evasion, seen as the illegal evasion of taxes by individuals and corporations from their intended destination to other destinations, has become a game in various developing countries. The question that arises is what roles international Banks can play on tax evasion and avoidance mitigation? The current article is an attempt to explore ways and means used by international banks to mitigate these issues.

The first part of the paper draws a dark picture of the issue of tax evasion in the current global economy and its consequences on the well being of stricken citizens in developing countries. The second part gives an overview of roles that international banks can play on tax evasion mitigation. The last part of the article develops an effective road map for an effective tax evasion and avoidance mitigation in developing countries.

Suggested Citation

Ndedi, Professor Alain Aime and Ketuma, Henry Jong, Exploration of the Roles of International Banks on Tax Evasion Mitigation in Developing Countries (January 5, 2015). Available at SSRN: https://ssrn.com/abstract=2545247

Professor Alain Aime Ndedi

YENEPAD

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ISTG-AC ( email )

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Saint Monica University ( email )

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University of Johannesburg ( email )

UJ ADMINISTRATION. University of Johannesburg
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University of Pretoria ( email )

University of Pretoria,
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Pretoria, Gauteng
South Africa

HOME PAGE: http://www.up.ac.za

Henry Jong Ketuma (Contact Author)

Saint Monica University ( email )

P.O. BOX 132
Kumba
Buea, South West
Cameroon

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