Global corporations avoid millions in tax – and philanthropy is benefiting!

Halima Mahomed

Johannesburg, South Africa

What do a British-based minerals company, French-based energy company, Dutch-based homeware company and Belgian-based beverage company have in common?

First, they are multinational corporations (MNCs) operating in Africa who have been implicated in controversies to do with Illicit Financial Flows (IFFs) and tax avoidance – with potentially significant revenue loss for the host African countries. Second, each has a significant, and sometimes much lauded, philanthropy connection, which brings their tax practices into focus.

 
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