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Monday, December 6, 2010

African countries loose out on beer taxes

Marta, a small scale shop-keeper in Accra, Ghana, paid more tax last year than the multinational brewery next door which deliver the beer to her shop. All together an estimated £20m of taxes from SABMiller are missed in Africa and India every year - enough money to educate a quarter-of-a-million African children, according to ActionAid's new report, released last week.

The report, Calling time: why SABMiller should stop dodging taxes in Africa reveals for the first time how the company, the world’s second biggest brewer, uses a complex system of  tax havens to siphon profits out of subsidiaries in developing countries, depriving those governments of significant amounts of tax.   > > > >  Read More
 

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