Fantastic article by @jasonhickel about how #ilicitfinancialflows may be the biggest problem facing global south. http://www.aljazeera.com/indepth/opinion/2014/01/flipping-corruption-myth-201412094213280135.html …
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@MForstater@jasonhickel GFI's@Raymond_Baker estimated ~65% is commercial tax evasion by multinationals for his book. ~30%drug trafficking
@BrianLe_Blanc No he doesn’t! Book estimates 65% ‘commercial’ not = “tax avoidance” or “MNCs” - says no study done on intra-co transactions
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@MForstater If you give the book another look you'll see he pins much of commercial as tax evasive in nature. pg133-138 & Table 4.4 pg172 -
@MForstater and, I definitely agree that tax evasion isn't the only problem here. Its pure capital loss. That's something people often miss.
End of conversation
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