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Vol 56 No 4

Published 20th February 2015

Out of Africa, taxes

A leak of secret documents from Luxembourg reveals corporations avoiding paying tax, which can also mean less revenue for African treasuries

Confidential documents from PricewaterhouseCoopers leaked late last year revealed how about 350 companies around the world negotiated advantageous tax deals with the Luxembourg authorities. Africa Confidential has mined the data for the deals to find places where African exchequers may find themselves losing revenue. The agreements are legal but have attracted widespread criticism in Europe.

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