Ernst & Young opens Beijing tax desk for China-Africa business
Ernst & Young has launched its Africa Global Tax Desk in Beijing, China to enhance business transaction between the continent and the Asian country.
With Chinese investment in Africa increasing, the Africa Global Tax Desk will provide “Chinese companies with real time advice on investing in Africa”, says Ernst & Young.
Chinese companies made direct investment in Africa totaling nearly $15 billion by the end of 2011,
Officials named Rendani Neluvhalani, an International Tax Services (ITS) Partner to lead the new tax desk.
Ernst & Young said its Africa tax network and Rendani will serve the China market, as well as countries in the Asia-Pacific region and Japan.
By Ekow Quandzie