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Stealing Africa - Why Poverty? (Video)

Article ID: 355
Last updated: 21 Sep, 2015

Rüschlikon is a village in Switzerland with a very low tax rate and very wealthy residents. But it receives more tax revenue than it can use. This is largely thanks to one resident - Ivan Glasenberg, CEO of Glencore, whose copper mines in Zambia are not generating a large bounty tax revenue for the Zambians. Zambia has the 3rd largest copper reserves in the world, but 60% of the population live on less than $1 a day and 80% are unemployed. Based on original research into public documents, the film describes the tax system employed by multinational companies in Africa.

Article ID: 355
Last updated: 21 Sep, 2015
Revision: 2
Views: 15
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