Africa: Corporate tax dodging prevents govts. from protecting economic & social rights, says Oxfam report

Author: Sean Buchanan, allAfrica, Published on: 9 June 2015

“Africa: Corporate Tax Dodging Cheats Africa Out of 6 Billion Dollars, Says Oxfam”, 2 Jun 2015: G7-based companies and investors cheated Africa out of an estimated six billion dollars in a year through just one form of tax dodging, according to a new Oxfam report…This is equivalent to three times the amount needed to plug the healthcare funding gap in the Ebola-affected countries of Sierra Leone, Liberia, Guinea and at-risk Guinea Bissau…[A]n estimated 1.7 billion dollars is required to close the healthcare funding gap…in these countries…Multinational companies…are cheating African countries out of billions of dollars in vital tax revenues that could help vulnerable people get decent healthcare and send their children to school…The new Oxfam report comes as G7 leaders prepare to meet their African counterparts at the annual summit…Oxfam is calling for the leaders of the G7 countries…to include action for ambitious tax reform in [the] discussions…

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