IFU Danish Investment Fund for Developing Countries calls out Danwatch for misinformation on investment via offshore vehicles & suggestion of profit shifting from Zambia to Ireland (& Danwatch reply https://danwatch.dk/ifus-kommunikationsdirektoer-vildleder-om-brug-af-skattely/ …) cc: @CarterPaddy @phdskathttps://twitter.com/nboserup/status/939165477909262336 …
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https://danwatch.dk/undersoegelse/hvor-mange-penge-mister-vi-til-skattespekulation/ … UN High Level Panel on IFFs anslår “meget konservativt”, at Afrika snydes for mere end 300 milliarder kroner årligt i ulovlig skatteunddragelse. (HLP estimates $50bn annually in illegal tax evasion ?? ) No. It doesn't.
@jesper_nymark2 replies 0 retweets 3 likesShow this thread -
Replying to @MForstater @CarterPaddy and1 reply 0 retweets 0 likes
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Replying to @LarsKoch @CarterPaddy and
HLP's estimate is not of 'illegal tax evasion' (its not a tax loss number at all)
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Replying to @MForstater @CarterPaddy and
Ooohhh, true, much of the aggressive tax avoidance is not illegal in the sense that is has not been actually found illegal in the courts - yet. The result on the ground is the same - lost tax revenues
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Replying to @LarsKoch @CarterPaddy and
No - that's not what the HLP was trying to estimate -- it was trying to estimate' illicit financial flows' -- their number is not directly a tax loss either to avoidance or evasion. Its an estimate of a gross capital flow
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Replying to @MForstater @CarterPaddy and
Yes of course. Inspired by the GFI methodology it is gross IFF. It is not the estimate of tax loss - and I don't think the Danish text indicates that. The important issue is that we have huge amounts and only rough estimates. See also recent research by Zugman and colleagues
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Replying to @LarsKoch @CarterPaddy and
Maybe its lost in translation but 'Afrika snydes for mere end 300 milliarder kroner årligt i ulovlig skatteunddragelse' = Africa is cheated of more than 50 bn dollars annually in illegal tax evasion ? Suggest
@DanWatchDK think its a tax loss.1 reply 0 retweets 2 likes -
Replying to @MForstater @LarsKoch and
The next bit says "the United Nations Organization for Trade sets the figure much higher" NB: this one is a tax loss figure (but for a different group of countries/not 'Africa') - suggests that they think the figure above is a tax loss?
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The next one ( I didnt notice yesterday) says "GFI estimates illegal cash flows out of Africa amount to at least 6300 bn kroner annually." - that's about $ trillion ..... Its wrong. that's not Africa. Thats GFI's estimate for developing countries (inc. Russia, China, Mex etc)
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