Stealing Africa
Synopsis
$160 billion is lost annually to tax avoidance in poor nations like Zambia, nearly double the amount received in international aid.
People
View all →Synopsis
Zambia's copper mines, operated by corporations like Glencore, generate $29 billion in revenue over the past decade. Despite this wealth, the country remains one of the poorest globally. Tax avoidance costs Zambia an estimated $160 billion each year, nearly double its international aid. For every $1 received in aid, $10 is lost to tax havens. The financial shortfall impacts healthcare, education, and infrastructure, with the potential to save 350,000 children under five annually if funds were allocated effectively.
Deep Dive
Why Watch
- See how Zambia's copper wealth impacts its poverty.
- Find out about the $160 billion lost to tax evasion.
- Meet key figures like Ivan Glasenberg and Eva Joly.
Did You Know
- Zambia has lost an estimated $160 billion annually to tax evasion.
- Corporations extracted copper worth $29 billion from Zambia in the last decade.
- For every $1 in aid Zambia receives, $10 is lost to tax havens.
- Proper utilization of lost funds could save 350,000 children under five each year.
Perfect For
Frequently Asked Questions
How much copper has been extracted from Zambia in the last decade?
$29 billion worth of copper has been extracted from Zambia over the last decade.
What is the estimated annual cost of tax avoidance for poor nations like Zambia?
Tax avoidance costs poor nations like Zambia an estimated $160 billion annually.
How many children under five could be saved each year with proper funding in Zambia?
Proper utilization of funds could save the lives of 350,000 children under five each year in Zambia.
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