rbkwp
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would have thought every country in the world has that problem, esp with corporates
dont need no special foriegn owned land grabber company/govt
Africa's problem with tax avoidance
Every year African countries lose at least $50 million in taxes — more than the amount of foreign development aid. So where is it all going and how can multinational companies be held to account?
NGOs continue to raise the alarm. African countries are being cheated out of billions in tax revenues — mainly by large foreign companies in the energy and resource sectors, but also increasingly by small and medium-sized enterprises, such as safari organizers in countries such as Kenya, Tanzania, South Africa and even Egypt. According to the Organization for Economic Cooperation and Development (OECD), the annual loses of up to $50 billion (€44 billion) have actually exceeded the amount of development aid given to Africa in the same amount of time. Meanwhile, the United Nations Economic Commission for Africa (UNECA) puts the estimate much higher at $100 billion.
dont need no special foriegn owned land grabber company/govt
Africa's problem with tax avoidance
Every year African countries lose at least $50 million in taxes — more than the amount of foreign development aid. So where is it all going and how can multinational companies be held to account?
NGOs continue to raise the alarm. African countries are being cheated out of billions in tax revenues — mainly by large foreign companies in the energy and resource sectors, but also increasingly by small and medium-sized enterprises, such as safari organizers in countries such as Kenya, Tanzania, South Africa and even Egypt. According to the Organization for Economic Cooperation and Development (OECD), the annual loses of up to $50 billion (€44 billion) have actually exceeded the amount of development aid given to Africa in the same amount of time. Meanwhile, the United Nations Economic Commission for Africa (UNECA) puts the estimate much higher at $100 billion.