A new report by Eurodad member Jubilee Debt Campaign shows that richer countries make eight times more than Mozambique from aluminium smelter.
Jubilee Debt Campaign is demanding an end to the scandal of poor countries paying money to the rich world. We are calling for 100% cancellation of unpayable and unjust poor country debts.
A highly profitable aluminium factory in Mozambique is paying just 1 per cent tax, despite half of the smelter being funded by foreign government’s to help ‘develop’ the country. A new report by Jubilee Debt Campaign in the UK and Justica Ambiental in Mozambique estimates that for every $1 being paid by the smelter to the Mozambique government, $21 has left the country in profit or interest to foreign governments and investors. Much of the information in the report is newly in the public domain from documents released under the UK Freedom of Information Act.