5:14:03 AM Wed, June 19th 2013

Documentary: STEALING AFRICA: How much profit is fair?

stealing africa documentaryDuration 58 minutes: This is a case of extreme inequality. It is also a case of how countries like Zambia with enourmous resources continue to enrich others whilst thier people see little benefits of their own blessings. It is a case of how the global tax system works. A very sad case and possibly one of the worst I have come across depicted in a documentary.

This is how the film makers describe the documentary:

Rüschlikon is a village in Switzerland with a very low tax rate and very wealthy residents. But it receives more tax revenue than it can use. This is largely thanks to one resident – Ivan Glasenberg, CEO of Glencore, whose copper mines in Zambia are not generating a large bounty tax revenue for the Zambians. Zambia has the 3rd largest copper reserves in the world, but 60% of the population live on less than $1 a day and 80% are unemployed. Based on original research into public documents, the film describes the tax system employed by multinational companies in Africa.

Documentary: STEALING AFRICA: How much profit is fair?, 10.0 out of 10 based on 1 rating
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  • Ola

    Companies are by nature greedy and will always go to great lengths to maximise profit, so it’s up to Zambia to pass laws that make sure that they behave lawfully.If the plan is to get companies to get a conscious, they will not succeed, but if they pass draconian laws that will financially cripple any company that is caught polluting or evading tax then these companies will realise that it really isn’t worth the risk.

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  • Nii

    ……and we think Africa and the so called third world is corrupt? think again.
     I guess what struck me and what I have always suspected was the statement that “the aid that Africa gets every year is only equivalent to 10% of the money that it looses or get’s taken out of the continent” by multi-nationals to benefit presumably those Swiss villagers in Rüschlikon and others.

    These same villagers and others then turn round to paint Africans as corrupt and poor lazy paupers continually begging others to feed themselves. If only more people will realise that the reverse is actually closer to the truth. It is sad to think that Zambia could have doubled it’s GDP to 18% (higher than China’s) if only it had recieved what was fair in terms of tax reciepts from the mining company. How could a country only get $50 million from a $3 billion profit that this mining company receives? Wake up Zambia!

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