@MForstater from money laundering or terror finance. Aggregating the two complicates the argument. + @AnnHollingshead
If you want to understand what the big numbers on illicit flows represent, check out @AnnHollingshead 's presentation http://prezi.com/2t4by1e9zle-/illicit-financial-flows-explained/ …
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@saliltripathi - I don't think it is so much aggregating two numbers here, but the data & methodology can not distinguish@AnnHollingshead - 1 more reply
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@MForstater So long as the money is "earned", as@AnnHollingshead implies, even if it stays in a developing country, it is personal wealth.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@MForstater And if it is personal wealth, what claim can a state have over it? If a state has v high tax rates +@AnnHollingsheadThanks. Twitter will use this to make your timeline better. UndoUndo
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@MForstater the wealthy would protect their wealth - from taxation and inflation - by parking it at a safe place. +@AnnHollingsheadThanks. Twitter will use this to make your timeline better. UndoUndo
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@MForstater That may be illicit for the govt losing tax revenue. But its illicitness is of a diff order +@AnnHollingsheadThanks. Twitter will use this to make your timeline better. UndoUndo
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@MForstater And finally, would be nice to know the basis of the $900b number. If illicit, it is by definition an estimate.@AnnHollingsheadThanks. Twitter will use this to make your timeline better. UndoUndo
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