The Paradise Papers: ‘Africa’s Satellite’ Avoided Millions Using A Very African Tax Scheme

Another week, another story of a project that was supposed to help Africa, but a tax scheme that did the opposite. We’ve published a story on a satellite, launched in 2011, which was touted as a communications and development boon for the continent.

But, that’s in stark contrast to its tax strategy. A PowerPoint presentation from the Paradise Papers reveals the company would earn $936 million over 17 years, but never pay taxes above $300,000. That’s thanks to some clever tax maneuvers and offshore companies in Mauritius – one of the continent’s premier tax havens.

Previously in The Paradise Papers:

* ‘Paradise Papers’ Reveal Tax Avoidance, Shady Dealings Of World’s Rich And Powerful.

* Just How Much Money Is Held Offshore? Hint: A SHIT-TON.

* Development Dreams Lost In The Offshore World.

* Keeping Offshore ‘Hush Hush,’ But Why?


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