ActionAid Reviews SABMiller’s Tax Profile

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.

Multinationals Blamed for Africa’s Rising Poverty

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.

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