Plantation giant Socfin accused of dodging taxes in Africa

A new report by Bread for all, Alliance Sud, and the German Network for Tax Justice has accused Belgian-French multinational Socfin, which operates rubber and palm oil plantations across West Africa, of shifting profits from Africa to Switzerland. The use of “transfer pricing” to avoid taxation is common among multinationals operating in Africa, depriving low-income governments of badly needed revenue.

La culture de l’iniquité fiscale

Le groupe Socfin (détenu à 40% par le groupe Bolloré) transfère des bénéfices issus de la production de matières premières vers Fribourg, un canton suisse à faible fiscalité, selon un nouveau rapport de Pain pour le prochain, Alliance Sud et le Réseau allemand pour la justice fiscale

“Find, fix and finish him”

Nigerian grassroots defender Ajele Sunday wanted dead for helping communities fight for their land against SOCFIN's subsidiary, Okomu Oil Palm Plantation in Edo State.