01418nam a22001097a 4500100007900000245013700079260005000216300000800266520076300274650008101037856019001118  aRaymond Baker, Christine Clough, Dev Kar, Brian LeBlanc,and Joshua Simmons  aHiding in Plain Sight Trade Misinvoicing and the Impact of Revenue Loss in Ghana, Kenya, Mozambique, Tanzania, and Uganda: 2002-2011  aGhana:  bGlobal Financial Integrity,c2013.   a72p  aIllicit flows of capital through developing countries due to trade misinvoicing is one of the most pressing challenges facing policymakers in these countries. The global figure for illicit financial outflows from developing countries is approximately $542 billion per year on average (over a 10-year time series), and trade misinvoicing makes up close to 80 percent of this or $424 billion.1 Capital flight, facilitated by a global network of secrecy jurisdictions and complex, opaque corporate and account structures, robs governments and societies of needed revenue for domestic investment in the private sector, infrastructure development, and the provision of vital social services. This translates into lost opportunities, lost jobs, and lost potential.  aIllicit Flows, Investment, Misinvoicing, Trade, Infrastructure, Transparency  uhttp://iffoadatabase.trustafrica.org/iff/hiding_in_plain_sight_trade_misinvoicing_and_the_impact_of_revenue_loss_in_ghana_kenya_mozambique_tanzania_and_uganda_2002_2011_report-final.pdf