’Africa’s Satellite’ Avoided Millions Using A Very African Tax Scheme - ICIJ
▻https://www.icij.org/investigations/paradise-papers/africas-satellite-avoided-millions-using-african-tax-scheme
The New Dawn Satellite was proudly African – partly funded by local investors and promoted as a way for African schoolchildren, nurses, civil servants and businesses to access world-class internet and mobile phone networks.
But if its purpose was to promote African development, its tax strategy did exactly the opposite.
The companies behind the New Dawn Satellite channeled millions of dollars in payments from African companies and governments through offshore companies in Mauritius, one of the continent’s premier tax havens.