Stealing Africa 2012

Overview

Zambia's copper resources have not made the country rich. Virtually all Zambia's copper mines are owned by corporations. In the last ten years, they've extracted copper worth $29 billion but Zambia is still ranked one of the twenty poorest countries in the world. So why hasn't copper wealth reduced poverty in Zambia? Once again it comes down to the issue of tax, or in Zambia's case, tax avoidance and the use of tax havens. Tax avoidance by corporations costs poor countries and estimated $160 b