In 2010 alone, G7-based companies cheated Africa out of an estimated $US6bn through just one form of tax dodging – trade mispricing. Africa is growing economically, but billions of dollars a year are flowing out of the continent. This deprives governments of vital potential investments in healthcare and education for all, and sustainable agriculture.
If G7 leaders are serious about supporting Africa’s growth and poverty reduction, they must support ambitious commitments on tax and aid – including comprehensive reform of the global tax rules – leading up to the UN Financing for Development Conference in Addis Ababa in July.
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