Africa: Resource Rich, People Impoverished

By exploiting weaknesses in investment contracts and loopholes in valuation, pricing and taxation regimes, corporations are able to use all sorts of devices to minimize their tax exposure and illicitly move capital out of the region to preferred "tax haven" jurisdictions, writes Briggs Bomba of TrustAfrica.


A man holds a piece of gold mined and processed in Zamfara State.

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