Resources about Illicit Financial Flows from Africa

Tax Justice Network Africa, “Tax evasion”     VIDEO      6 minutes
https://www.youtube.com/watch?v=0PtNeR03PmQ
Talk by Alvin Mosioma, founding Director of Tax Justice Network-Africa: “More resources are flowing out of African countries than are flowing in… These are deliberate economic designs… We  need to do something about it.” March 2014.

The Panama Papers: Victims of Offshore     VIDEO     4 minutes
https://panamapapers.icij.org/video/
Short cases studies of bribery, arms deals, tax evasion, financial fraud, and sex trafficking revealed in the Panama Papers. Corporate taxes lost to Uganda exceed the country’s health budget (starts at 2:06 in video). By International Consortium of Investigative Journalists.

The Power of Tax      VIDEO     3.5 minute
https://www.youtube.com/watch?v=ijtOErKjPMg
The case of Zambia Sugar shows how companies avoid paying taxes and the impact this has on the Zambian government and people. By ActionAid International. July 4, 2013.

Stop the Bleeding campaign theme song       VIDEO       4 minutes
https://www.youtube.com/watch?v=_nDPKiWSTXI&feature=share
Winner of 2016 Honesty Oscar for Best Song. Featured Artists: Livesoul, Synik, Pauline & The Kids; Credits: Music producer: Cutty Beats (for Legendary Africa); Creative Director: Briggs Bomba; Executive Producer: TrustAfrica

Stop the Bleeding – Africa IFF Campaign Declaration and Call to Action
http://stopthebleedingafrica.org/sign/
The Campaign’s statement critiques both illicit financial flows from Africa and methods corporations and individuals use “to illicitly siphon wealth from the continent [that] are perfectly legal yet illegitimate and unjust.” The Demands encompass actions needed by both international institutions and African governments.

More Resources 

1. Overview: The problem of illicit financial flows from Africa
2. Cases of illicit financial flows from Africa
3. The international politics of stopping illicit capital flows
4. Organizations working on tax justice in Africa and elsewhere
5. Other sources covering illicit financial flows and Africa
6. Background readings


1. Overview: The problem of illicit financial flows from Africa

Stop the Bleeding – Curbing Illicit Capital Flows     VIDEO     16-minute
https://www.youtube.com/watch?v=lenH1SaOcIA 
A summary of the findings of the High Level Panel report by several members of that panel. The video also highlights the significance of African civil society organizations working on this issue. By United Nations Economic Commission for Africa.

The Panama Papers – What They Mean And Why They Are Important For Africa
http://www.taxjusticeafrica.net/en/2016/06/2487/
By Jason Braganza, Tax Justice Network-Africa Deputy Executive Director, June 6, 2016.

Poverty Amidst Plenty: How Africans Are Robbed Of Benefits Of Mineral Wealth
http://www.pambazuka.org/democracy-governance/poverty-amidst-plenty-how-africans-are-robbed-benefits-mineral-wealth
By Kwesi W. Obeng, Tax Justice Network-Africa Policy Lead in charge of Tax and Extractives, June 23, 2016.

Report of the High Level Panel on Illicit Financial Flows from Africa     REPORT
http://www.uneca.org/sites/default/files/PublicationFiles/iff_main_report_26feb_en.pdf
Report of Commission chaired by Thabo Mbeki, commissioned by the African Union/United Nations Economic Commission on Africa Conference of Ministers of Finance, Planning and Economic Development, February 2015. (126 pages)

Viewing #SwissLeaks through a Different Lens
http://www.swissleaksreviewed.org/#viewing-swissleaks-differently
A project of Financial Transparency Coalition and Christian Aid
The significance of illicit flow of money from Africa secretly deposited in offshore banks, considered as a proportion of Gross Domestic Product (GDP).

Measuring Corruption in Africa: The International Dimension Matters
http://www.uneca.org/sites/default/files/PublicationFiles/agr4_eng_fin_web.pdf
By United Nations Economic Commission for Africa, April 15, 2016. (124 pages)

Corporate Tax is a Feminist Matter
http://africasacountry.com/2016/09/corporate-tax-is-a-feminist-matter/
By Maria Hengeveld. September 12, 2016

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2. Cases of illicit financial flows from Africa

Zambian miners paying more tax than mining company      AUDIO PODCAST      5 minutes https://youtu.be/uDo42IzCoSs

Continent of Secrets: Uncovering Africa’s Offshore Empires     GAME
https://panamapapers.icij.org/20160725-africa-offshore-game.html
An online game about corporate profits from Africa going to off-shore tax havens revealed by the Panama Papers. Hovering over each country shows examples.

International Consortium of Investigative Journalists (ICIJ) Panama Papers Project  
https://panamapapers.icij.org/
Browse for reports on revelations from the Panama Papers about illicit financial flows from Africa involving oil and gas, diamonds, other natural resources, and safari operators.

Finance Uncovered    
http://www.financeuncovered.org/home-1/blog/
Blog contains reporting on Africa about global financial flows, especially such issues as tax abuse, corruption, and money laundering.

A Few Examples of Illicit Financial Flows cited in AfricaFocus Bulletins, 2013-2015
http://www.africafocus.org/docs15/iff1507.php
Examples compiled by AfricaFocus, including Lonmin in South Africa, Philia (oil) in Congo (Brazzaville), mining companies in Sierra Leone, Swiss oil trading companies, Equatorial Guinea, South African diamonds, Nigerian oil, Zambia and the cost of tax avoidance, trade mis-invoicing, fisheries and forests, and tax havens.

Liberia/Global: Financial Secrecy at Work
http://www.africafocus.org/docs16/iff1606.php

South Africa: Disappearing Diamond Revenue
http://www.africafocus.org/docs14/dia1406.php

Africa/Global: Accounting Tricks with Coca-Cola
http://www.africafocus.org/docs16/coke1602.php

Africa: Tax Tricks, Mobile Phones, and Beer
http://www.africafocus.org/docs15/td1510.php

The West African Giveaway: Use & Abuse of Corporate Tax Incentives in ECOWAS    REPORT
http://www.actionaid.org/publications/west-african-giveaway-use-abuse-corporate-tax-incentives-ecowas
By ActionAid International and Tax Justice Network-Africa, August 2015. (20 pages)

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3. The international politics of stopping illicit capital flows

Making Violence Visible: From #BlackLivesMatter to #StoptheBleeding Africa
http://www.kzoo.edu/praxis/making-violence-visible/
By Emily Williams and William Minter. Published by PraxisCenter, September 20, 2016.

One year after Addis Ababa, rich countries blocking UN from working on tax, again
https://medium.com/@FinTrCo/one-year-after-addis-ababa-rich-countries-blocking-un-from-working-on-tax-again-fc4b35a0b087#.4htsse1my
By Pooja Rangaprasad, Policy Coordinator for the Financial Transparency Coalition (FTC), and Christian Freymeyer, FTC’s Press & Digital Media Officer. July 21, 2016

Why It Really Matters and The Hypocrisy of Immediate Reciprocity
http://www.swissleaksreviewed.org/#why-it-matters
A project of Financial Transparency Coalition and Christian Aid

Interview with Clark Gascoigne of the FACT Coalition by Sonali Kolhatkar      VIDEO      17 minutes
https://vimeo.com/180932643
Gascoigne discusses the issue of tax havens, with the example of the Apple corporation tax payments to Ireland, and the loss of taxes in the U.S. due to tax havens. September 2016.

The Shape of Battle to Come: Illicit Financial Flows (IFFs) from Africa     SLIDE SHOW
http://www.taxjusticeacademy.net/itja-2015/download-presentations/ [Click on first presentation to download slideshow.]
By Dereje Alemayehu, Chair of the Global Alliance for Tax Justice, August 2015.
See also: Abbreviations and Acronyms about IFFs

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4. Organizations working on tax justice in Africa and elsewhere

Tax Justice Network Africa
http://www.taxjusticeafrica.net/en/home/
A network of 29 members in 16 African countries established in 2007 and a member of the Global Alliance for Tax Justice
Facebook: https://www.facebook.com/TaxJusticeNetworkAfrica/

Stop the Bleeding
http://stopthebleedingafrica.org/
Campaign of six African-based civil society organizations to end illicit financial flows from Africa
Facebook: https://www.facebook.com/StoptheBleedingAfrica?fref=ts
Campaign song video: https://www.youtube.com/watch?v=_nDPKiWSTXI

FACT Coalition
http://thefactcoalition.org/
Washington, D.C.-based coalition lobbying and researching about tax evasion and avoidance, incorporation transparency, and anti-money laundering issues in the United States.
Facebook: https://www.facebook.com/FACTCoalition
Subscribe to listserv: http://action.thefactcoalition.org/p/salsa/web/common/public/signup?signup_page_KEY=7511

Global Alliance for Tax Justice
http://www.globaltaxjustice.org/
Facebook: https://www.facebook.com/globaltaxjustice

Financial Transparency Coalition
https://financialtransparency.org/issues/
Facebook: https://www.facebook.com/FinancialTransparencyCoalition

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5. Other sources covering illicit financial flows and Africa

Africa Focus: Illicit Financial Flows and Tax Justice
http://www.africafocus.org/intro-iff.php
Links to Africa Focus bulletins with coverage of this issue; approximately monthly bulletins, beginning in June 2015.

Tax Justice Network – Africa
http://www.taxjusticeafrica.net/

Global Financial Integrity
http://www.gfintegrity.org/

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6. Background readings

Special issue of Association of Concerned Africa Scholars Bulletin, “Africa’s Capital Losses: What Can Be Done?,” Fall 2012 (62 pages) http://concernedafricascholars.org/bulletin/issue87/, particularly:
“Plundering a Continent” by Raymond Baker
http://concernedafricascholars.org/wp-content/uploads/2012/11/caploss10-baker-14th.pdf
“Rich Presidents of Poor Nations: Capital Flight from Resource-Rich Countries in Africa ” by Léonce Ndikumana and James K. Boyce
http://concernedafricascholars.org/wp-content/uploads/2012/11/caploss01-ndiku-14th.pdf
“The Benefits of Country-by-Country Reporting” by Richard Murphy
http://concernedafricascholars.org/wp-content/uploads/2012/11/caploss07-murphy-14th.pdf

Secret Offshore Deals Deprive Africa of Billions in Natural Resource Dollars
https://panamapapers.icij.org/20160725-natural-resource-africa-offshore.html
By Will Fitzgibbon July 25, 2016. The Panama Papers show politicians and mining, oil and gas interests benefit from secrecy and dubious multimillion dollar transfers.

Still racing towards the bottom? Corporate tax Incentives in East Africa
http://www.actionaid.org/tanzania/2016/06/east-africa-losing-billions-dollars-unproductive-tax-incentives
By ActionAid International and Tax Justice Network-Africa, June 2016.

The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa’s Wealth     BOOK
by Tom Burgis. London: William Collins, 2015.
https://www.amazon.com/Looting-Machine-Oligarchs-Corporations-Smugglers/dp/1610394399

Treasure Islands: Uncovering the Damage of Offshore Banking and Tax Havens     BOOK
By Nicholas Shaxson. New York, NY: Palgrave Macmillan, 2011.
http://treasureislands.org/the-book/
An overview in very readable language. 2011. Prologue and part of chapter 1 can be read for free on Google books.

Top Ten Books on Illicit Financial Flows, Tax Justice, and Africa
http://www.africafocus.org/iff-books.php
The ten best books on this subject selected by William Minter, editor of AfricaFocus.

Acronyms and Abbreviations about Illicit Financial Flows
https://usafricanetwork.files.wordpress.com/2016/09/abbreviations-acronyms-iffs.pdf

More Resources

Last updated on November 21, 2016