UN wrests control of global rules on tax and IFFs from OECD after bitter opposition from the EU, UK and US
The UN General Assembly has voted overwhelmingly to wrest control of the development of global rules on tax and illicit financial flows (IFFs) from the Organisation for Economic Cooperation and Development (OECD), despite last-minute attempts by the EU, UK and US to derail the plan. Whereas…
Trade misinvoicing concerns in south eastern Europe heightened by the Ukraine war
Trade misinvoicing remains the most prominent channel through which illicit financial flows (IFFs) flow in and out of the western Balkan states in south eastern Europe according to a new report by the Global Initiative Against Transnational Organised Crime (GI-TOC).
Global Forum reports “remarkable developments” in plans to facilitate tax transparency and stem IFFs in Africa
Tax transparency can play a critical role in combatting money laundering and terrorism financing, tax evasion and other types of illicit financial flows (IFFs) and enhances domestic resource mobilisation according to a new report published by the Global Forum on Transparency and Exchange of Information…
