The argument that the definition of #illicitflows should include #tax avoidance is weirdly circular (.....thread to follow)https://twitter.com/MForstater/status/868026921250160641 …
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Most common defn “$ illegally earned transferred or used” (see
@GFI_Tweets http://www.gfintegrity.org/issue/illicit-financial-flows/ …@IFF_Africa http://www.uneca.org/sites/default/files/PublicationFiles/iff_main_report_26feb_en.pdf …)
(2) “estimates show tax avoidance by MNCs = largest component of IFFs” This based on the muddle of misinvoicing/ mispricing/transfer pricing
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i.e. the big estimates interpret data mismatches as MNCs undertaking major customs fraud, massive smugglinghttps://www.cgdev.org/blog/gaps-trade-data-criminal-money-laundering …
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Where this goes on is customs fraud, tax crime, evasion & by definition is 'illicit flow', but this does not describe BEPs or tax incentives
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