Fourth installment of illicit finance journalism program now accepting applications
July 23rd, 2014
Illicit financial flows affect countries all over the world. Unfortunately, developing countries seem to suffer the greatest due to illicit outflows. Sub-Saharan Africa, for example, loses roughly 5.7% of its overall Gross Domestic Product every year to illicit flows, according to research from FTC member Global Financial Integrity.
Along with advocating for strong policy changes, it’s important that a robust and informed press investigates cases of tax evasion, corruption, and harmful tax practices that rob governments of much needed revenue.