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Oxfam: Tax Avoidance Costing Africa billions

A recent global inequality report released by Oxfam confirms new findings on the growing gap between the rich and poor. Around 16 African billionaires live amongst 350 million people in poverty in the sub-Saharan region of the continent. The report also confirmed that the 62 richest people in the world have more money combined than the poorest 3.6 billion people. In regards to Africa, it must be asked what governments will do to maintain and improve the economic situation, whether that is tackling tax evasion or tighter constraints on exporting money into offshore accounts. But it’s well known that very few people control the world’s wealth, so what’s particularly new about this report? BBC’s Akwasi Sarpong spoke to Oxfam’s executive director, Winnie Byanyima.

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Written by PH

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