[Marxism] How the lords of poverty fleece Africa

Johannes Schneider Johannes.Schneider at gmx.net
Tue Apr 7 02:09:11 MDT 2009

>From the Kenyan paper Standard:

"How the lords of poverty fleece Africa

By Peter Orengo

A report has come out to confirm what was common knowledge: How international mining companies rob Africa of its mineral resources.
The report, titled, Breaking the Curse: How Transparent Taxation and Fair Taxes can Turn Africa’s Mineral Wealth into Development, highlights the methods mining companies employ to pay as little tax as possible.

The companies, the report states, use complicated corporate tax structures and accounting procedures to pay a pittance as tax. 

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