Capitalism in its current form enriches mostly privileged men and sidelines marginalized groups such as people of colour, immigrants and women. We need the courage to imagine and create new solidarity economies that prioritize people and the planet over profit.
Mugabe surrendered Zimbabweans’ US$2.76 billion to multinational corporations through “illicit financial flows”
An eye-opening report released by the Washington, D.C.-based Global Financial Integrity in December 2015 reveals an inconvenient truth: Between 2004 and 2013, Robert Mugabe’s Zimbabwe lost a staggering US$2.76 billion to multinational corporations through “illicit financial flows”.
Africa’s tax avoidance crackdown nets US$260m as continent loses billions to “illicit financial flows”
There is nothing to celebrate about the US$260 million Africa recently netted by cracking down on tax avoidance. The figure pales in comparison to the billions the continent losses to “illicit financial flows” every year thanks to corporate tax avoidance by multinational corporations, corruption by African officials, and African countries’ weak audit capacities.