We are led to believe that sub-Saharan Africa has such extreme poverty because of bad governance, corruption and blah blah blah. This documentary details the real corruption. Glencore is an Anglo-Swiss MNC, the world`s largest commodity trader with a registered office in the British tax haven of Jersey.
Source: The Why
Stealing Africa – Why Poverty ?
Director Christoffer Guldbrandsen
Producer Henrik Veileborg
Produced by Guldbrandsen Film
Rüschlikon is a village in Switzerland with a very low tax rate and very wealthy residents. But it receives more tax revenue than it can use. This is largely thanks to one resident – Ivan Glasenberg, CEO of Glencore, whose copper mines in Zambia are not generating a large bounty tax revenue for the Zambians. Zambia has the 3rd largest copper reserves in the world, but 60% of the population live on less than $1 a day and 80% are unemployed. Based on original research into public documents, the film describes the tax system employed by multinational companies in Africa.