New UN study - Misinvoicing of commodities costs billions to developing world http://on.ft.com/29FUkZy via @FT
- except that the study doesn't say that. http://unctad.org/en/PublicationsLibrary/suc2016d2.pdf …
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. Er, I'm afraid is does. E.g. 1/2 "total Misinvoicing of [S African] gold exports .... $113.6bn over the fifteen year period."
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. 2/2 "This suggests that underinvoicing [is due to] pure smuggling of gold out of the country."
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paper estimates bns of misinvoicing in five countries, not bns of 'losses to developing world' Needs careful interpretation
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