01505nam a22001217a 4500100002000000245002800020260004100048520097500089650022501064856007401289942000701363999001301370  aLomborg, Bjørn  aDirty Development Money  aCopenhagenbProject Syndicate c2014  aThe 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.  aFAKING TRANSACTIONS, ILLICIT WEALTH, MONEY LAUNDERING, NATURAL RESOURCES, OVERPRICING, OFFSHORE, PRIVATE CAPITAL, SMUGGLING, CAPITAL FLIGHT, CAPITAL OUTFLOW, CORRUPTION, CUSTOMS, TAX EVASION, TAX HAVENS, TRANSFER PRICING  uhttp://iffoadatabase.trustafrica.org/iff/dirty_development_money.docx  cNA  c245d245