As i've said previously I'm not convinced by whether you can really identify misinvoicing like this, or by the basis of the tax calculations....https://twitter.com/MForstater/status/1155769274184716289 …
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[Tax] South Africa, Revisited: Trade Misinvoicing and Lost Revenue in 2016 from @IllicitFlows - GFI looking at gaps and mismatches in Comtrade data again ....pic.twitter.com/byRqIyQnha
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But also interestingly the number for 2016 has gone down by almost half from the number for 2010-2014. (where it was $7.4bn/ year). What is going on? I'm curious!
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Back in 2018 they said the big ticket areas were imports of machinery, knitwear and vehicles, among the most commonly imported items into South Africapic.twitter.com/FXwP2KiM2Q
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I'm sure all kinds of customs fraud goes on. I'm just not sure that these numbers tell you anything about it. [And they defiantly don't tell you anything about transfer mispricing ]
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End of conversation
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