01505nam a22001217a 4500 Lomborg, Bjørn Dirty Development Money Copenhagen Project Syndicate 2014 The articles focus on IFF in developing countries and the major causes thereof. One of the biggest problems affecting the world’s poor is one that few have ever heard about: illicit financial flows. Though such flows cost people in Djibouti, Congo, and Chad more than one-fifth of their incomes every year, they almost never make headlines. With the world preparing to establish the specific targets that will guide global development efforts for the next 15 years, this is the appropriate time to deal with IFFs.One recommendation – curbing illicit financial flows – was unexpected as one of the steps. Legal mechanism for such financial flows includes tax avoidance. Though it is not a criminal offense, tax avoidance attracts widespread criticism –Unfortunately, the existing framework for preventing money laundering does not offer an encouraging precedent. Though it is universally accepted and enforced in most countries, money laundering remains rampant. FAKING TRANSACTIONS, ILLICIT WEALTH, MONEY LAUNDERING, NATURAL RESOURCES, OVERPRICING, OFFSHORE, PRIVATE CAPITAL, SMUGGLING, CAPITAL FLIGHT, CAPITAL OUTFLOW, CORRUPTION, CUSTOMS, TAX EVASION, TAX HAVENS, TRANSFER PRICING http://iffoadatabase.trustafrica.org/iff/dirty_development_money.docx NA 245 245