Multinationals' tax scams rob Africa of money

Faced with lax laws and poor enforcement, foreign firms operating in countries like Nigeria are cheating the system.

    African leaders, experts and stakeholders are meeting to discuss African-led solutions to the impact of illicit financial flows in the continent, estimated at more than $50bn.

    Faced with lax laws and poor enforcement, multinational companies doing business in Africa - from oil to service industries -are cutting corners, denying countries such as Nigeria substantial revenue.

    Al Jazeera's Ahmed Idris report from Abuja.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We will cut your throats': The anatomy of Greece's lynch mobs

    The brutality of Greece's racist lynch mobs

    With anti-migrant violence hitting a fever pitch, victims ask why Greek authorities have carried out so few arrests.

    The rise of Pakistan's 'burger' generation

    The rise of Pakistan's 'burger' generation

    How a homegrown burger joint pioneered a food revolution and decades later gave a young, politicised class its identity.

    From Cameroon to US-Mexico border: 'We saw corpses along the way'

    'We saw corpses along the way'

    Kombo Yannick is one of the many African asylum seekers braving the longer Latin America route to the US.