Sani Abacha – DIGIT INFO

Tax Evasion Spotlighted as Swiss Banks Start Sharing Client Data

Tax Evasion on the Line as Swiss Banks Start Sharing Client Data Switzerland has started sharing financial account information with tax authorities in dozens of countries as a way of fighting tax evasion, but Africa, which loses about $60 billion in illicit flows each year, mostly into European banks, is conspicuous by its absence from the deal. Swiss bank accounts have long been stereotyped as enablers of […]

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Wave of Mobile Tax Hikes Squeezes Africa’s Poor to Indulge Governments

Wave of Mobile Money Tax Hikes Squeeze Africa’s Poor to Spoil Governments A smart robber fleeces you with a pen and a handshake. From Zimbabwe to Kenya, Uganda to Benin, African governments are on a tax-raising spree, looking for easy money, ostensibly to help fund successive revenue shortfalls and budget deficits. Often, the money ends up being misappropriated by corrupt public officials. The best weapon in government […]

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European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies

European Banks Complicit as Corrupt African Leaders Plunder Their Home Economies European banks have allegedly been complicit as corrupt African leaders pilfer the wealth of their economies in the billions of dollars. The Angolan government on Monday arrested the son of ex-president Jose dos Santos for stealing $500 million from the country’s sovereign wealth fund, with the help of a British bank. It is only a […]

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