CDC supports the building of businesses throughout Africa and South Asia to create jobs and make a lasting difference to people’s lives in some of the world’s poorest places. As well as creating direct, indirect and induced employment, the businesses in which CDC’s capital is invested also pay the local taxes that are required of them and make a positive contribution to a thriving private sector. CDC is fully committed to ensuring that all of its investee companies pay all taxes due to their respective local governments.
As these businesses grow, helped by the capital provided by CDC, taxes and revenues to government may also increase, providing more funding for essential public services. The amount of local taxes paid by companies in which CDC’s capital is invested rose from £2.2bn in 2011 to £2.6bn in 2012, an increase of 20%.
||Taxes paid £m
*Geographies in which CDC invested under previous Investment Policies, but to which CDC no longer makes new investment commitments