29 Jan 2013
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 tax bounty for the Zambians -- but feeding a life of luxury for the villagers of Rüschlikon.
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 that operate in Africa. It shows how Africa's wealth is stolen.
© Why Poverty
Posts by unregistered readers are moderated. Posts by registered readers are published immediately. Why wait? Register now or log in!