Task Force Blog

Blog

Video: Inside Story – Tax avoidance: Legality vs morality

February 28, 2013

By EJ Fagan

EJ Fagan is the New Media Coordinator for the Task Force on Financial Integrity & Economic Development in Washington, DC. He holds the same position with Global Financial Integrity.

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.

Share

Disclaimer: Unless specifically stated to be the views of the Task Force, the opinions expressed on this blog are solely the opinions of the individual blogger and are not necessarily those of the Task Force on Financial Integrity & Economic Development.

Latest Press Releases

Kofi Annan, Africa Progress Panel, Urge G8 & G20 Members to Tackle Illicit Financial Flows to Help Africa

Clark Gascoigne · May 10, 2013

WASHINGTON, DC – Global Financial Integrity (GFI) lauded former UN Secretary-General Kofi Annan and the Africa Progress Panel (APP), which he chairs, ...

David Cameron Calls for Abolishing Phantom Firms in Major Transparency Victory

Global Financial Integrity · April 25, 2013

WASHINGTON, DC / LONDON – In a major victory for transparency advocates, British Prime Minister David Cameron called on members of the ...

Global Witness welcomes UK Prime Minister’s move to end anonymous shell companies

Global Witness · April 25, 2013

LONDON - Prime Minister David Cameron revealed today that the UK will be seeking action from the G8 to end the abuse ...