TED-Ed: The true cost of gold | Lyla Latif

Mali produces significant gold but earns far less revenue due to corporate exploitation and corruption. Multinational corporations exploit legal loopholes to avoid taxes, smuggle gold, and engage in black market activities. This results in a loss of potential revenue for Mali, perpetuating poverty and economic reliance on these corporations. Similar patterns are observed in other African countries, highlighting a systemic issue of wealth extraction by foreign entities.

In what ways do corporations evade taxes in Mali?

What impact does gold smuggling have on Mali's economy and its citizens?