Mali advised to review its tax system
23 March 2016
The International Monetary Fund (IMF) recently took a close look at Mali's tax policies and recommended that Mali needs to improve it's tax system if they wish to finance their own development.
Currently, their tax revenue to Gross Domestic Product (GDP) is below 17%, which is needed for the country to meet commitments as a member of the West African Economic and Monetary Union. Mali needs to find innovative and new ways to collecting tax and increasing governmental revenues to fund their development projects.