Between $350 and $500 billion fly out of developing countries each year through tax avoidance.

Developing countries are estimated to be losing $350bn-$500bn a year through organised tax avoidance, often by western multinational corporations.

This is more than three times the total of all foreign aid and assistance.

It prevents investment in social infrastructure and will lead to some 5.6m deaths of young children.

Case Study: Congo
Logging companies in Congo are avoiding taxes of at least $12m a year. In terms of 2000 prices,  $12m is equivalent to 80% of the country’s public healthcare budget and could help to vaccinate some 700,000 children under five years old against deadly diseases.

Altogether, developing countries are exporting nearly a trillion dollars each year to developed countries. This is money which should be used for education, healthcare, public administration and jobs.

Stats from MyAntiwar.org