Stealing Africa

Stealing Africa

Movie 2012-11-28 52m Documentary
★ 8.9 / 10 · 4 votes

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.

Status
Released
Released
2012-11-28
Runtime
52m
Studio
Country
Zambia
Language
English
Links
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
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