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Stealing Africa

2012 . Documentary .

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1 total

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51 total

About the movie

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Zambia's copper resources have not made the country rich. Virtually all Zambia's copper mines are owned by corporations. In the last ten years, they've extracted copper worth $29 billion but Zambia is still ranked one of the twenty poorest countries in the world. So why hasn't copper wealth reduced poverty in Zambia? Once again it comes down to the issue of tax, or in Zambia's case, tax avoidance and the use of tax havens. Tax avoidance by corporations costs poor countries and estimated $160 billion a year, almost double what they receive in international aid. That's enough to save the lives of 350,000 children aged five or under every year. For every $1 given in aid to a poor country, $10 drains out. Vital money that could help a poor country pay for healthcare, schools, pensions and infrastructure. Money that would make them less reliant on aid.

Director:

Christoffer Guldbrandsen

Writer:

Niels Borchert Holm

Language:

English

Release:

28 Nov 2012

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Reviews

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THE WHY Foundation

10 months ago

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Stealing Africa describes the tax system employed by multinational companies in Africa. The film looks at Rüschlikon, 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 third largest copper reserves in the world, but 60% of the population lives on less than $1 a day and 80% are unemployed. Based on original research into public documents, the film tells the story of global trade where money and natural resources only flow one way.

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