Africa losing billions from fraud and tax avoidance | Global development | The Guardian - 0 views
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Africa losing billions from fraud and tax avoidance
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Africa is losing more than $50bn (£33bn) every year in illicit financial outflows as governments and multinational companies engage in fraudulent schemes aimed at avoiding tax payments to some of the world’s poorest countries, impeding development projects and denying poor people access to crucial services.
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African Union’s (AU) high-level panel on illicit financial flows and the UN economic commission for Africa (Uneca).
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