According to a high level report by the African Union and Economic Commission for Africa, the African continent loses more than $50 billion every single year through illicit financial flows. In fact, facilitated by webs of secretive tax havens and corruption, more money leaves Africa through illegal practices each year than it receives in foreign aid and foreign direct investment combined. For years, African policymakers and researchers have played a central role in the movement calling for tax justice, but with the Panama Papers leak, the issue has been thrust to the forefront of the global agenda.
Next month, UK Prime Minister David Cameron will host a global anti-corruption summit to address issues of tax evasion and money laundering. At this key moment, how can the momentum be seized to address a system that continues to rob Africa of billions of dollars each year? Where does the responsibility lie, and what urgent actions need to be taken?
Dr Dereje Alemayehu – Chair, Global Alliance for Tax Justice
Batanayi Katongera – Executive Editor, Transfer Pricing Inside Africa
Daniel Balint-Kurti – Investigative Journalist, Global Witness
Rachel Owens – Senior Campaigner, Global Witness
Chair: Nicholas Shaxson – Author, Treasure Islands: Tax Havens and the Men who Stole the World
This event is free, but requires registration via Eventbrite
Suggested hashtag for this event: #PanamaPapers #RASEvents