Money Talks: Africa at the G7
Publication date
2015-06-02Keywords
FinanceBusiness
Ebola
Economic empowerment
Economic growth
Inequality
Investment
Media
Taxation
World Bank and IMF
G7
Trade mispricing
Metadata
Show full item recordPublisher(s)
Oxfam InternationalDocument type
Media briefingDescription
In 2010 alone, G7-based companies cheated Africa out of an estimated $US6bn through just one form of tax dodging - trade mispricing. Africa is growing economically, but billions of dollars a year are flowing out of the continent. This deprives governments of vital potential investments in healthcare and education for all, and sustainable agriculture.
If G7 leaders are serious about supporting Africa's growth and poverty reduction, they must support ambitious commitments on tax and aid - including comprehensive reform of the global tax rules - leading up to the UN Financing for Development Conference in Addis Ababa in July.