NGO report says corporate tax dodging deprives Zambia of $3 billion annually, impeding investment in health, education, etc.
Resumen
Fecha comunicada: 28 Oct 2015
Ubicación: Zambia
Empresas
Vedanta Resources Limited - Parent Company , Konkola Copper Mines (KCM) - SubsidiaryProyectos
Konkola Copper Mines (KCM) Copper Mine(s) in Zambia (Mine Name Unknown) - UnknownAfectado
Total de personas afectadas: Número desconocido
Public entity: ( Número desconocido - Ubicación desconocida - Sector desconocido , Gender not reported ) , Comunidad: ( Número desconocido - Ubicación desconocida - Sector desconocido , Gender not reported )Temas
Acceso a la información , Evasión fiscalRespuesta
Response sought: No
Tipo de fuente: NGO
'Extracting minerals, extracting wealth: how Zambia is losing $3 billion a year from corporate dodging', 21 Oct 2015: Zambia has abundant natural resources – including minerals and agriculture – yet gains little tax revenue from the extraction of its resources, leading to lost opportunities to invest in public services such…education and health which are essential in tackling poverty…[M]ultinationals…dodge paying their fair share of tax. In 2012 it was calculated that the amount avoided by companies…was around $2 billion a year – representing 10% of Zambia’s GDP. Looking at three companies…Glencore, Vedanta, and Associated British Foods, the report examines the details of such tax avoidance...[C]urrent attempts to write…global rules…for tax are taking place through the OECD…For Northern governments’ actions to be credible, they must stop supporting rules that enable…the continuing existence of tax havens. Multinationals must be held to account for their tax dodging and southern countries should be able to participate as equals in the development of international tax rules…[also refers to Zambeef]