Its based on the assumption that nothing that goes on in the informal sector 'shadow economy' pays any tax (incl. VAT on inputs) which seems unlikely.pic.twitter.com/4Mfw97M6m8
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[Tax] Wow. The IMF is really going big on making theses big sweeping statements in their mag https://www.imf.org/external/pubs/ft/fandd/2019/09/illicit-financial-flows-and-privacy-vs-transparency-purcell.htm … Here they are quoting Richard Murphy's $3 trillion estimate which is based on estimates of the size of the underground economy as a % of GDP 
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None of this much relates to the transparency measures they are discussing in the article
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