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13 Jul 2010

AngloGold Ashanti

AngloGold Ashanti's response

The documents...make a number of general points on business in the developing world, for example regarding the use of tax havens, capital flight (whether legal or otherwise), tax evasion, “transfer mispricing” and the like. We note the authors do not allege that AngloGold Ashanti...are involved in any such activities in Ghana, nor specifically that they uncovered any such incidences during their intensive research in Ghana....However, for the sake of clarity, we should point out that we are domiciled in South Africa (not known as a tax haven); and our financial accounts are prepared and audited in line with both SA and US regulatory requirements...As a company, we take the view that our activities need to benefit the societies in which we operate. Failing that, the sustainability of our activities would be severely endangered. We also recognise that there have been cases where poor fiscal and other regulation has limited the benefits accruing to the people of those countries.

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