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Corporations, crime, corruption and capital flight

by Charles Abugre
Published by : Pambazuka news (Kenya) Physical details: 4p Year: 2011
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Tax avoidance, not developing country corruption, is the biggest source of illicit capital flight, writes Charles Abugre in Part 2 of a four-part series of articles on the flow of ‘dirty money’.In the first part of this series, he tries to explain the web of players that are involved in facilitating bribery, concealing the identities of the beneficiaries of bribery and corruption and the shifting of their ill-gotten wealth into havens of secrecy abroad, protected from the public view and from tax authorities.

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