How multinationals avoid taxes in Africa and what should change
IN developing countries, and the sub-Saharan region especially, the scale of unmet basic needs is enormous. It is estimated that 3 billion people in the developing world subsist on less than US$2 a day per person. About 2.37 billion people are without food or unable to eat a balanced diet on a regular basis. The prevalence of undernourishment is highest in sub-Saharan Africa: 24.1%. Out of the almost 60 million children not in school, 33.8 million are in this region. Authors JIA LIU, Professor of Finance, University of Portsmouth OLATUNDE JULIUS OTUSANYA, Professor of Taxation, University of Lagos Revenues from…