Africa: How G24 Is Helping African Countries, Others Tackle Illicit Financial Flows Generated ‘Legally’ – Official
[ad_1] "They (illicit flows) go out as profit or whatever, but they are not well-recorded or the officials of the countries, they really don't know that these flows are illicit. So we've taken the position that the taxing rights in a country should be based on significant economic presence...," she noted. Iyabo Masha, the director of the Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development (G-24), says a lot of illicit financial flows are actually generated in countries […]