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Stealing Africa

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 billion a year, almost double what they receive in international aid. That's enough to save the lives of 350,000 children aged five or under every year. For every $1 given in aid to a poor country, $10 drains out. Vital money that could help a poor country pay for healthcare, schools, pensions and infrastructure. Money that would make them less reliant on aid.

Top Cast

  • Christoffer Guldbrandsen

    Christoffer Guldbrandsen

    Narrator

  • Bernhard Elsener

    Bernhard Elsener

    Self

  • Ivan Glasenberg

    Ivan Glasenberg

    Self

  • Marc Rich

    Marc Rich

    Self

  • Eva Joly

    Eva Joly

    Self

  • Wylbur Simuusa

    Wylbur Simuusa

    Self

  • Frederick Chiluba

    Frederick Chiluba

    Self (archives footage)

  • Jan Isaksen

    Jan Isaksen

    Self

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 billion a year, almost double what they receive in international aid. That's enough to save the lives of 350,000 children aged five or under every year. For every $1 given in aid to a poor country, $10 drains out. Vital money that could help a poor country pay for healthcare, schools, pensions and infrastructure. Money that would make them less reliant on aid.

Rating

8.9 / 10
4 Reviews
0 Popular

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