Liberian Loggers’ Secret Tax Break Wipes US$13 Million Off Country’s Finances – Global Witness Reveals

Global Witness and Tropenbos International condemn new law that rewards logging companies at the expense of Liberia’s people and call on Liberia’s donors to halt their support until it is overturned.

The Liberian government has secretly given the country’s loggers a US$13 million tax break, subsidising companies at the expense of the country and forest communities. International NGOs Global Witness and Tropenbos International say the move has undone 15 years of reform.

Signed by Liberia’s President – and lauded economist – Ellen Johnson Sirleaf, the law knocks a massive hole through Liberia’s budget. It also undermines the country’s efforts to mitigate climate change through preserving its forests and managing them for the benefit of its people.

David Young, Campaign Leader at Global Witness said: “This is a disastrous move, which puts back efforts to halt climate change, whilst also massively short-changing the Liberian people. With such economically-irrational decisions being made on the future of Liberia’s forests, it is only right that partners providing budget support to Liberia and aid to its forest sector should now suspend that support until the law is overturned.”

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Source: Global Witness

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About Cholo Brooks 13761 Articles
Joel Cholo Brooks is a Liberian journalist who previously worked for several international news outlets including the BBC African Service. He is the CEO of the Global News Network which publishes two local weeklies, The Star and The GNN-Liberia Newspapers. He is a member of the Press Union Of Liberia (PUL) since 1986, and several other international organizations of journalists, and is currently contributing to the South Africa Broadcasting Corporation as Liberia Correspondent.