| 000 -LEADER | |
|---|---|
| fixed length control field | 01731nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Biron, Carey L. |
| 245 ## - TITLE STATEMENT | |
| Title | ‘Record’ Illicit Money Lost by Developing Countries Triples in a Decade |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Washington |
| Name of publisher | Global Issues |
| Year of publication | 2014 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 4p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The paper looks at the alarming rate in which IFFs are increasing in developing countries. In sub-Saharan Africa, home to some of the world`s poorest communities, these rates are growing at more than 13 percent per year. Such figures eclipse both foreign assistance and foreign investment – indeed, the 2012 figure was more than 11 times the total development assistance offered on a global basis. Developing countries are losing money through illicit channels at twice the rate at which their economies are growing, according to new estimates released. Findings from Global Financial Integrity (GFI), re-confirm previous estimates that developing countries are losing almost a trillion dollars a year through tax evasion, corruption and other financial crimes. In less than a decade, then, these illicit outflows more than tripled in size, totalling at least 6.6 billion dollars. There are also significant differentials between regions, both is size and the rate at which they`re increasing. Lucrative misinvoicing is touched in detail as broad recognition of the monumental impact that illicit financial flows have on poor countries` ability to fund their own development. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | AID MISINVOICING BANKING SECRECY CAPITAL FLIGHT CAPITAL OUTFLOW COUNTERFEITNG DEBT FAKING TRANSACTIONS ILLICIT WEALTH GOOD GOVERNANCE MONEY LAUNDERING SMUGGLING TAX EVASION TAX HAVENS TAXES |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org//iff/record.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | Computer Files |
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