Below is a must-see video from Al Jazeera English, reporting on the report by Action Aid UK on tax avoidance by sugar companies in Zambia. The report finds that British Foods Group, a major supplier of sugar in Zambia, made a profit of $123 million since 2007, but paid virtually no taxes. The losses include over $80 million in funds moved to tax havens, and a $47 million ‘management fee’ from British Food Group’s Irish subsidiary. And this is all in addition the billions of illicit dollars leaving Zambia every year.
Chris gives the example of a small farmer in Zambia, who pays more in corporate tax every year than a multinational British company in the same industry, despite her children going to bed hungry many nights.
And if you haven’t seen Action Aid’s excellent infographic on the report, click here.
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