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Business News of Thursday, 30 May 2024

    

Source: Joy Business

Ghana’s intention to tax global tech giants like Google, Facebook may not work – Tax consultant

Tech and social media applications Tech and social media applications

Tax consultant Francis Timore Boi has cast doubt government’s intention to tax global tech giants like Google, YouTube, X, and Facebook.

While Minister Ursula Owusu Ekuful has announced a draft policy for taxing these companies, Timore Boi argued that individual African countries face significant challenges in enforcing such laws.

He suggested that a collaborative approach among African nations would be more effective.

Highlighting the technical and cooperative hurdles, he emphasised the need for a holistic policy to ensure compliance and maximise revenue from these tech firms, which generate substantial income from African users despite lacking physical offices in the continent.

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