Every year, more than a trillion dollars are stolen from the poorest countries on earth, washed offshore and spent in the West on high end property, luxury goods and services.
@OliverBullough on tax havens and how Britain plans to fight back:https://www.newstatesman.com/politics/business-and-finance/2018/05/how-britain-finally-fighting-back-against-dirty-money-our-tax …
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Thank you for explaining that. I am aware of the source material.
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If you can provide me with a form of words that will encompass the scale and impact of the problem in eight words, then I will happily use them in future. All journalism involves compression, which inevitably means nuance is lost. Thanks for engaging on this!
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Many such as
@FATFNews use data like http://www.fatf-gafi.org/faq/moneylaundering/ … as I am sure you know, derived from@UNODC and@IMFNews As this is money laundering from mainly drugs and crime, we'd need an equivalent of GDP by country to confirm but most IMPACT is felt in poorest nationspic.twitter.com/Zu6T2s1gaq
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