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.
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