RemitAid™: Remittance Tax Relief for International Development
RemitAid™ is a programme advocating Remittance Tax Relief (RTR) for International Development. It seeks to mitigate the imperfections of Diaspora and migrant remittances and to facilitate the channelling of more of these financial flows towards productive and regenerative ventures in developing countries. This would mean the provision of a community tax relief on remittances that are spent of activities that support the Millennium Development Goals (MDGs), charitable objectives or other sustainable development projects and programmes. The ‘Introduction to RemitAid™’ paper (which can be downloaded from this website) sets out a simple framework through which tax relief can be claimed and pooled together in a simple and transparent matter with minimal risk for fraud or impropriety. RemitAid™ was founded by Mr Gibril Faal (Director of GK Partners and Chairman of the African Foundation for Development [AFFORD).