Resource

Extracting minerals, extracting wealth: how Zambia is losing $3 billion a year from corporate tax dodging

October 2015

Zambia has abundant natural resources - including minerals and agriculture yet gains little tax revenue from the extraction of its resources, leading to lost oppportunities to invest in public services such as education and health.

This report reveals how multinationals are able to avoid paying their fair share of tax. It looks at three companies: Glencore, Vedanta and Associated British Foods which are based in the UK or are listed on the London Stock Exchange. The report describes a total of $3 billion beling lost to the Zambia exchequer as well as the powerful international opposition Zambia faced when it attempted to reform its tax system to get a fair share.

This report has been produced with the assistance of the European Union DCI-NSAED/2011/247. The contents of this publication are the sole responsibility of War on Want and can in no way be taken to reflect the views of the European Union.

PDF icon WarOnWant_ZambiaTaxReport_web.pdf

Latest news

UK charities alarmed by UK decision not to support the UN Commission of Inquiry on Gaza

22 March 2019 - 10:15am

A dereliction of responsibility: UK charities alarmed by UK decision not to support UN Commission of Inquiry report into Gaza protests at the UN Human Rights Council

Read more

Open Letter in Support of the Indigenous Mobilisations taking place in Colombia

20 March 2019 - 1:30pm

Trade unions, social movements, NGOs- from the UK, Switzerland, Canada, France, Turkey, South Africa, Spain, Nepal, and Germany have written an open letter to President Ivan Duque of Colombia in solidarity with the thousands of people from indigenous, afro-descendant and peasant communities currently entering their 11th day of strikes and mobilisation in the Southwest of the country, the 'Social Minga in Defence of Life, Territory, Democracy, Justice and Peace.' 

 

Read more

Join the conversation

RT : Join us b/w 10-11am THIS MORNING, Carlton House Terrace, London, SW1Y 5 - near Trafalgar Square. Listen out for the… https://t.co/N9XexuaDtN 53 min 23 sec ago
Communities are coming to for the Lonmin AGM to demand , almost 7 years since the… https://t.co/J0ELvmD27b 15 hours 46 min ago
“Lonmin, shame on you!” Community members from will join us to protest Lonmin's AGM to demand… https://t.co/XMI99gJeTe 23 hours 46 min ago