Estimating Illicit Financial Flows

A Critical Guide to the Data, Methodologies, and Findings

by Alex Cobham, Petr Jansky

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Book Description

Illicit financial flows constitute a global phenomenon of massive but uncertain scale, which erodes government revenues and drives corruption in countries rich and poor. In 2015, the countries of the world committed to a target to reduce illicit flows, as part of the UN Sustainable Development Goals. But five years later, there is still no agreement on how that target should be monitored or how it will be achieved.

Illicit financial flows occur through many different channels, whether they involve laundering the proceeds of crime or shifting profits of multinational companies. These deliberately hidden cross-border movements of assets and income streams depend on a set of common tools including opaque company accounts, legal vehicles for anonymous ownership, and the secrecy jurisdictions that provide these series. The overall effect is to reduce the revenue available to states and to weaken the quality of governance - leading to less money to support human development, and a lower likelihood of funds being well spent.

Estimating Illicit Financial Flows: A Critical Guide to the Data, Methodologies, and Findings is authored by two of the economists most closely involved in the process to develop UN indicators of illicit financial flows. In it, they offer a critical survey of the existing data and methodologies, identifying the most promising avenues for future improvement and setting out their own proposals. They cover a range of corrupt practices aimed at obtaining immunity or impunity from criminal law, from market regulation, and from taxation.

This open book is licensed under a Creative Commons License (CC BY-NC-ND). You can download Estimating Illicit Financial Flows ebook for free in PDF format (3.1 MB).

Table of Contents

Part 1
Illicit financial flows
 
Chapter 1
History and overview of 'IFF'
 
Part 2
Estimates of IFF scale
 
Chapter 2
Trade Estimates
 
Chapter 3
Capital and Wealth Estimates
 
Chapter 4
International Corporate Tax Avoidance
 
Part 3
Proposals for IFF monitoring
 
Chapter 5
Beyond Scale: Risk- and Policy-based Indicators
 
Chapter 6
New Proposals for IFF Indicators in the Sustainable Development Goals
 
Chapter 7
Conclusion: Estimating illicit financial flows
 

Book Details

Publisher
Oxford University Press
Published
2020
Pages
224
Edition
1
Language
English
ISBN13 Digital
9780198854418
ISBN10 Digital
0198854412
PDF Size
3.1 MB
License
CC BY-NC-ND

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