Illicit Financial Flows from Developing World Nearly $6 Trillion in last Decade
▻http://www.globalpolicy.org/component/content/article/216-global-taxes/52560-illicit-financial-outflows-from-developing-world-nearly-6-trilli
Crime, corruption, and tax evasion drained US$946.7 billion from the developing world in 2011, up more than 13.7 percent from 2010.
These findings by Washington based Think Tank Global Financial Integrity, which peg cumulative illicit financial outflows from developing countries at US$5.9 trillion between 2002 and 2011 are part of a new study. “As the world economy sputters along in the wake of the global financial crisis, the illicit underworld is thriving – siphoning more and more money from developing countries each year,” says GFI President Raymond Baker.
