West Africa: Liberia Losses U.S.$250.3m in Quarry Industry

–IWL research findings reveal

In attracting both domestic and foreign investment, particularly within the extractive industry, IWL has suggested that tax incentives play a significant role.

Integrity Watch Liberia (IWL) has documented Liberia’s tax incentives losses of US$250.3m between 2015 and 2016 in the quarry industry, which involves the extraction of sand, rocks, and other minerals.

A fact-finding research conducted by the group discovered that Liberia experienced substantial revenue losses…