Mali and Niger take historic step towards financial Independence by denouncing double taxation treaties with France

In a historic move, Mali and Niger, following Burkina Faso’s lead, announced the denunciation of their double taxation treaties with France on Tuesday. This decision signals a pivotal moment in the pursuit of genuine financial independence for these nations.

Upon the enforcement of these denunciations in three months, a new fiscal era will commence, mandating French individuals and corporations to pay taxes on income generated in Mali and Niger, and vice versa.

This measure aims to rectify the financial relations between these countries, bringing an end to a period of unequal revenue losses.

Crucially, Mali and Niger justified their decision by citing «France’s persistent hostile attitude» towards their states.

The denunciation of the double taxation agreements is viewed as a response to ongoing pressure and disagreements between these African nations and France.

Burkina Faso, having pioneered this movement, had already taken a similar step in August 2023 to mitigate substantial financial losses accumulated over the years.

This series of denunciations underscores a growing dissatisfaction among African nations with inequitable and disadvantageous agreements.

The bold move by Mali and Niger to denounce the double taxation agreements signifies a resolute step towards genuine financial independence, reflecting these nations’ determination to regain control of their economic and fiscal resources.

The implications of this decision extend beyond national borders, setting the stage for a more balanced international dialogue.

Souley KAZA