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 scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.