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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(2) “estimates show tax avoidance by MNCs = largest component of IFFs” This based on the muddle of misinvoicing/ mispricing/transfer pricing
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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Bundling together makes 4 big meetings, lotsa talk but not effective action on either. Eliding criminal w non-criminal not good 4 governance
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