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Africa loses $50bn to multinational firms annually

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Africa loses $50bn to multinational firms annually
21 May 2015 – Today, former South African President Thabo Mbeki will present upsetting statistics before the Pan-African Parliament in South Africa indicating that the continent currently loses US$50 billion annually through tax avoidance and fraud. Mbeki is the current chairperson of the High Level Panel (HLP) on Illicit Financial Flows from Africa, a set-up of […] More »
Africa loses $50bn to multinational firms annually Africa loses $50bn to multinational firms annually Reviewed by Crude Oil Brokers on 13:15 Rating: 5

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