- ActionAid, a global NGO that tackles poverty, has welcomed the decision by the African Tax Administration Forum to meet this month to discuss SABMiller’s tax profile in the four African countries in which it operates.
The organisation believes the move marks the beginning of a period of greater scrutiny of the tax position of multinational companies operating in Africa.
The decision to discuss SABMiller at the forum meeting, which is to be held in Cape Town this week, appears to have been prompted by a critical report written by ActionAid, which was released last year.
To read the article titled, “African tax forum dissects SABMiller,” click here.Source:Independent Online
- Non-governmental organisation, African Ascension, says that multinational corporations are taking advantage of Africa’s fragile economies in the name of ‘investing’ to exploit the poor.
African Ascension president, Joe Beasley, told the 23rd governing session of United Nations Settlements Programme (UN-HABITAT) in Nairobi that African governments need to be wary of international business companies out to exploit them.
"There is social distress in Africa and in Kenya, to be precise, because of the inequalities and economic injustices being meted out on the poor and marginalised by multinational companies,” explained Beasley.
To read the article titled, “Global trade deals blamed for Africa’s rising poverty,” click here.Source:The Citizen