G20 Urged to Fix Tax System That Shortchanges Africa

Oxfam is calling for world leaders meeting at the G20 summit in St. Petersburg later this week to rewrite tax laws that currently allow companies to underpay taxes owed to African countries.  Oxfam says this form of tax evasion costs African governments an estimated $38.4 billion per year, or more than half of what governments in sub-Saharan Africa spend on health care. 

Oxfam says that African countries are losing almost two percent of their gross domestic product (GDP) each year …

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