Africa losing billions from fraud and tax avoidance
- London The Guardian 2015
- 3p.
The article is based on the findings of the AU high-level panel on illicit financial flows and the UN economic commission for Africa (Uneca), the first African initiative to address illicit outflows, multinationals and crime deprive poor countries of crucial services. Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world’s poorest countries, impeding development projects and denying poor people access to crucial services.
