Welcome to jctrans.net , Join Free |  Sign In
GMT+8 TUESDAY  13:40 2013/01/29 中文站
Exhibitions

Executive Talks

1of5

Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Interview with Milad M Istefanous, Executive Director of Philomina Global Services Co. Ltd.

Philomina Global Head office located at Khartoum City that is well known, and having branches @ Port Sudan (Seaport City), and our modern office systems and all staff to give excellent services to our potential customers and worldwide associates.

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Interview with Filipe Garcia, Branch Manager of Inicio transitarios Lda

Since the year 2000 INÍCIO TRANSITÁRIOS has been dedicated with total commitment to the creation of door-to-door transport solutions, regarding maritime and air logistics, on an international basis.

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Interview with Ken Zhu,of Coeffort (Shanghai) Logistics & SCM Co., Ltd

Coeffort was established in January 2015, core business of Coeffort is supply chain management and provide professional solutions, including supply chain financing, supply chain design, procurement and distribution, international customs clearance agent, executive stock trusteeship, Department of outsourcing, outsourcing processing and distribution management, supply chain services. I hope our business can do for customers "time Save", "money Save", "way touching One".

Interview with Arturo Chavez, Commercial Manager  of Smart Logistics Group

Interview with Arturo Chavez, Commercial Manager of Smart Logistics Group

SMART LOGISTICS GROUP is a premier transportation and logistics company, with coverage in SPAIN/EUROPE. Our value-added services portfolio includes import and export freight management, truck brokerage, intermodal, load/mode and network optimization, and global visibility. We provide freight forwarding, customs brokerage, warehousing and all other logistics services.

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

Interview with Ordan Cargo, Managing Director of Ordan Cargo Ltd

We are " ORDAN CARGO LTD" a freight forwarding & logistics company based in Tel Aviv, Israel since 2001 having presences at all main ports ASHDOD/HAIFA/TLV for Import/Export/Cross SEA/AIR. We provide excellent and creative logistics solutions as well as quality service with competitive prices.

'Trade mispricing costing Africa billions'

Source:iol    2014-5-13 9:32:00

Johannesburg - Fraudulent trade invoicing in five African countries cheated taxpayers out of a combined $14.4 billion in revenue in the 10 years to 2011, and in Uganda's case losses amounted to an eighth of annual government revenue, research showed on Sunday.

The tax authorities in the five countries studied by Global Financial Integrity (GFI) - Ghana, Kenya, Mozambique, Tanzania and Uganda - lacked the trade, tax and deals data to curb the illicit flows, it said in a research report.

Over- and under-invoicing in the five countries facilitated the illegal inflows or outflows of more than $60 billion during that decade, GFI said.

Kenya lost an estimated $1 billion each year through export under-invoicing, where sellers deflate the true value of their exports so they can channel the difference to a foreign account.

Tanzania, on the other hand, lost a similar amount to export over-invoicing, which over-values shipments so parties can collect export credits.

Uganda had $813 million in import over-invoicing, which can lead to lower corporate taxes as companies puff up the cost of imports to hide capital outflows.

GFI said its study was "extremely conservative" as it left out incorrect invoicing for services, bulk cash deals or hawala transactions, a form of money transfer used in the Muslim world.

"Trade misinvoicing is perhaps the most serious economic issue plaguing these countries," GFI president Raymond Baker said in a statement.

GFI is a non-profit research and advocacy organisation based in Washington that aims to curtail illicit financial flows out of developing countries.

Ghana had more than $14 billion in mis-stated invoices over the entire 10-year period, equivalent to 6.6 percent of its gross domestic product, while Mozambique's $5.3 billion was equal to 9 percent of national output.

Another report by the African Development Bank in 2013 showed net outflows from Africa's resources sector totalled up to $1.4 trillion over the three decades up to 2009, far exceeding inflows.