Posted on 10/31/2013 4:28:34 PM PDT by Olog-hai
Tax avoidance loopholes for EU-based multinationals introduced by the World Bank and the International Monetary Fund (IMF) are said to be costing African countries double the amount they receive in foreign aid.
“It is killing us; you cannot now explain poverty in Africa without this and this is the story that has been suppressed for so long,” Zitto Kabwe, an MP who is also chairman of the public accounts committee in Tanzania, told this website on Wednesday (30 October).
He said Tanzania was forced in the late 1990s by the World Bank and the IMF to sign tax rules and tax laws which are favorable to investors, while depriving it of much needed revenue that would help wean it off foreign aid. …
(Excerpt) Read more at euobserver.com ...
African countries need to learn to attend to their own affairs without depending on the outside.
The leaders of these countries are all filled up with Marxism and internationalism. They seem to crave dependence upon external powers no matter their pleas for independence.
Uh...we need to pay MORE so that they need less from us...
(Dr. Evil voice). “Riiiiiiiigjht.....”
They are uncivilized, tribal, sub-culture hellholes, and no amount of money will ever change that. Same with Middle East. Their best times, so far, were under Colonial Rule. We imported the problem to the US, and look what’s happened. It’s happening worldwide, and Western Civilization is in serious decline.
“you cannot now explain poverty in Africa without this and this is the story that has been suppressed for so long,” Zitto Kabwe”
Nice try, Zitto, but not soaking foreign investors for more tax money is not the source of your poverty.
I wonder if anyone told him that he was named after acne, i.e. in US colloquial English.
You want to draw a bead on the brain of the beast, this article is target acquisition.
A group associated with Hillary aide Cheryl Mills has investments in Tanzania
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