| 000 -LEADER | |
|---|---|
| fixed length control field | 01577nam a22001337a 4500 |
| 100 ## - MAIN ENTRY--AUTHOR NAME | |
| Personal name | Lomborg ,Bjørn |
| 245 ## - TITLE STATEMENT | |
| Title | Curbing illicit financial flows: How to raise $770bn for African development |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication | Cairo |
| Name of publisher | Daily News Egypt, |
| Year of publication | 2014. |
| 300 ## - PHYSICAL DESCRIPTION | |
| Number of Pages | 3p. |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | The article stress that IFFs should be placed as one of development priorities for the next 15 years – with the Millennium Development Goals expiring in 2015. The costs of IFFs justifies the point, 20 sub-Saharan Africa countries are estimated to have lost more than 10% of their GDPs since 1980, while Africa as a whole is still estimated to be losing 3.4% of GDP, that is, US$76 billion each year. Illicit cash flows are not necessarily strictly illegal. Money laundering – transferring the proceeds of crime through apparently legitimate channels – is clearly illegal and the subject of stringent checks in the banking sector. Abuse of power by kleptocratic regimes to skim off a country’s wealth into Swiss bank accounts at the expense of the rest of society is morally wrong and often also criminal. What is less clear-cut is the avoidance of tax; while being legal in the strict sense of the word, this is frowned on by society. Recently, this has become a big story in some countries as multinational companies have, quite legitimately, minimised their tax liabilities. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical Term | CAPITAL FLIGHT CORRUPTION DEBT ILLICIT WEALTH TRANSPARENCY |
| 856 ## - ELECTRONIC LOCATION AND ACCESS | |
| Uniform Resource Identifier | http://iffoadatabase.trustafrica.org/iff/curbing_illicit_financial_flows_how_to_raise_$770bn_for_african_development.pdf |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Koha item type | News Articles |
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