
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa and...
The “triangular trade,” between exporting countries, tax havens such as Lebanon where their headquarters are located and importing African countries, is a tool of choice by many businessmen from the land of the cedars.
While not illegal, this practice allows them to reduce the size of their tax liability and to engage in some practices, such as overcharging for their services — which is facilitated by the opacity of the import chain — as underlined in an audit report commissioned by the Congolese authorities from the international firm Menaa...