New UN study - Misinvoicing of commodities costs billions to developing world http://on.ft.com/29FUkZy via @FT
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Replying to @JesseLGriffiths @FT
- except that the study doesn't say that. http://unctad.org/en/PublicationsLibrary/suc2016d2.pdf …
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Replying to @MForstater
. 2/2 "This suggests that underinvoicing [is due to] pure smuggling of gold out of the country."
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Replying to @JesseLGriffiths
paper estimates bns of misinvoicing in five countries, not bns of 'losses to developing world' Needs careful interpretation
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Replying to @MForstater @JesseLGriffiths
e.g. the Swiss-Zambia numbers are not obviously losses but artifact of the way that exports recorded in Zam
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Replying to @MForstater
. But the Zambia chapter suggests substantial losses - in the billions
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Replying to @JesseLGriffiths
- No it doesn't.
@LEONCENDIKUMANA doesn't calculate losses just 'misinvoicing'2 replies 0 retweets 0 likes -
Replying to @MForstater @LEONCENDIKUMANA
2/2 Is capital flight not a loss?
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There are simpler explanations for both Zambia and South Africa numbershttps://hiyamaya.wordpress.com/2016/07/20/misinvoicing-or-misunderstanding/ …
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