New Report Finds Crime, Corruption, and Tax Evasion at Near-Historic Highs in 2010
Global Financial Integrity just released their annual global update on the amount of money flowing illicitly out of the developing world due to crime, corruption, and tax evasion
Crime, corruption, and tax evasion cost the developing world $858.8 billion in 2010, just below the all-time high of $871.3 billion set in 2008—the year preceding the global financial crisis. The findings are part of a new study released today by Global Financial Integrity (GFI), a Washington-based research and advocacy organization.
The report, “Illicit Financial Flows from Developing Countries: 2001-2010,” is GFI’s annual update on the amount of money flowing out of developing economies via crime, corruption and tax evasion, and it is the first of GFI’s reports to include data for the year 2010.
Read full report here
Explore illicit financial flow Heat Map here