01308nam a22001097a 4500100001600000245004400016260009900060300000900159520089300168650005501061856008201116  aMosioma, A.  aPanama Papers and the Looting of Africa  aNorwaybNorwegian Church Aid, Tax Justice Network - Norway and Save the Children Norway.c2016  a20p.  aThe report illustrates illicit flows and tax dodging and the effects they have Africa. The author provides a key insight to the challenges the African continent is facing, highlighting the necessity for governments to mobilise reliable income in order to ensure sustainable development. The report presents the importance the Panama papers to several African countries. This includes disclosure of information about concealed company structures, and veiled ownership of multinational companies that are extracting oil and diamonds at the continent. The report reveals that conservative estimates state that Africa loses 400 billion NOK1 every year due to illicit capital flows. At the same time millions of African children die every year due to preventable diseases, and tens of millions of children are out of school. In 24 hours more than 1 billion NOK leaves the continent illegally

  aTax Evasion, Capital Flight, Poverty,Panama Papers  uiffoadatabase.trustafrica.org/iff/Panama-Papers-and-the-Looting-of-Africa.pdf