Stop the bleeding: new African tax justice campaign

   0   0 Africa, Aid, Tax & State-building, Blog, Capital Flight

STOP-THE-BLEEDING-logoVia the Global Alliance for Tax Justice:

Last week the Interim Working Group of the African IFF Campaign Platform launched the “Stop the Bleeding” campaign in Uhuru park, a place historically associated with the struggle for freedom in Nairobi, Kenya.

A group of 6 pan-African organisations have organised the campaign: the Tax Justice Network-Africa, Third World Network-Africa, Africa Forum and Network on Debt and Development (AFRODAD), the African Women’s Development and Communication Network (FEMNET), the  African Regional Organisation of the International Trade Union Confederation (ITUC-Africa) and Trust Africa, supported and joined by the Global Alliance for Tax Justice. This campaign on IFFs, led and driven by African civil society organisations, denounces that Africa loses massive nancial resources, about US$50 billion each year through illicit activities of multinational companies and rich individuals. These resources, if retained in the continent, could be invested in productive sectors of these economies to lift Africa’s growing population from under-development and poverty.

According to the African Union/Economic Commission for Africa High Level Panel on Illicit Financial Flows from Africa report, the continent lost about one trillion dollars (US$1 trillion) between 1980 and 2008. Other estimates are even higher.

The multiplier effects of these losses are much larger. They mean loss of jobs, income, decent education, health facilities and other basic infrastructure critical to structurally transform the economy of countries in Africa and the socio-economic conditions of Africans.

According to the High Level Panel’s report the major perpetrators of IFFs from Africa are multinational companies, especially those operating in Africa’s extractive sector, mostly in oil, gas and mining. These activities pose a major threat to sustainable development and security across the continent.

The campaign is demanding that governments in Africa take action to:

– Put an end to tax holidays for big business and unfair tax incentives

– Make sure foreign companies pay better wages

– Improve public services such as education, healthcare, housing and water

You can find more information at the Campaign website: www.stopthebleedingafrica.org, in Twitter (#StoptheBleeding @Stop_AfricaIFFs) or in Facebook.


Related Posts

UN must defend target to curtail multinational companies’ tax abuse

Photo by Luca Santori, Creative Commons LicenseThe Tax Justice Network, The Independent Commission for the Reform of International Corporate Taxation, and the Global Alliance for Tax Justice call on the UN Secretary General to make sure the commitment to action on tax abuses by multinational companies remains part of the new UN Sustainable Development Goals.

READ MORE →

The BVI: Responsible for worldwide tax losses of $37.5 billion a year

BVI report blogAn extraordinary report by consultants Capital Economics, for BVI Finance, claims that the British Virgin Islands are responsible for $1.5 trillion of assets invested around the world, and that these result in 2.2 million jobs and $15 billion in tax revenue. A better approximation would be that the BVI imposes global tax losses of $37.5 […]

READ MORE →

Event: Making Tax Work for Women in the UK and Globally

Invitation_ Tax and Gender eventOn Wednesday 28th June 2017 at 16.30 our very own Liz Nelson will be speaking at an event in London that aims to bring together gender and tax justice advocates to highlight the need for coherent and gender-responsive fiscal policies to safeguard the rights of women and girls both in the UK and globally. The […]

READ MORE →

Historic event on women, human rights and tax justice in Bogota

BogotaLast week civil society organisations, researchers, labour union activists and policy makers met in Bogota, Colombia to explore how tax justice issues can ensure governments, multinational corporations and others meet their obligations to women in order to secure their full range of human rights. The Women’s Rights and Tax Justice conference opened with a conversation […]

READ MORE →

The Offshore Wrapper: the Panama Papers, one year on

Photos from the Protest outside PwC 1 Embankment Place, part of the Global week of action for tax justiceWelcome to the Offshore Wrapper – your weekly update from TJN.  Happy Paniversary! This week it’s been one year since the Panama Papers were leaked, and a number of organisations around the world have been marking the occasion though the global week of action for tax justice. In London, activists from the TJN and the […]

READ MORE →

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to Top