OECD Pillar One Must Consider African Digital Resources, Study Says

African countries need to improve data collection around digital transactions to better benefit from the OECD’s global tax reallocation plan, according to a study Monday by an intergovernmental think tank.

African countries, while estimating how much reallocated profit they would receive under the global plan’s Amount A, should look to strategies to “maximize the contribution of the new rules to their economies,” the report from South Centre said.

“As the transactions subject to taxation rely on digital technology, in addition to efforts for fair taxation rules, it is also necessary to work for better access to the Internet on the ...