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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Replying to @MForstater
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@alexcobham says pressure to *remove* tax avoidance from definition/ target on IFF. But is no international agreement that its in now.1 reply 0 retweets 1 like -
Replying to @MForstater @alexcobham
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 …)1 reply 0 retweets 1 like -
Replying to @MForstater @alexcobham and
(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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Replying to @MForstater @alexcobham and
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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Replying to @MForstater @alexcobham and
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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Replying to @MForstater @alexcobham and
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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Replying to @MForstater @alexcobham and
I agree. Feel that lumping it in with criminal activity lets States off the hook for their role in tax avoidance.
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Yes,& on other for corruption. 2 different sets of issues. #IFFs narrative highlights responsibility of enablers/ handlers of dirty money.
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