Estimating Illicit Financial Flows
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...
Tallennettuna:
| Päätekijät: | , |
|---|---|
| Aineistotyyppi: | Online |
| Kieli: | englanti |
| Julkaistu: |
Oxford University Press
2021
|
| Aiheet: | |
| Linkit: | OCN: 1142505251 |
| Tagit: |
Ei tageja, Lisää ensimmäinen tagi!
|
| _version_ | 1869521008301441024 |
|---|---|
| author | Cobham, Alex Janský, Petr |
| author_browse | Cobham, Alex Janský, Petr |
| author_facet | Cobham, Alex Janský, Petr |
| author_sort | Cobham, Alex |
| collection | Directory of Open Access Books |
| 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—to say nothing of how it will be achieved. The term ‘illicit financial flows’ covers a range of corrupt practices, aimed at obtaining immunity or impunity from criminal law, from market regulation and from taxation. Illicit flows occur through many different channels, whether they involve laundering the proceeds of crime, for example, or shifting the profits of multinational companies. There are two consistent features. First, illicit flows are deliberately hidden. These 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 services. Second, the overall effect of illicit flows is to reduce the revenue available to states, and to weaken the quality of governance—so there is less money to support human development, and it is less likely to be spent well. In this book, two of the economists most closely involved in the process to develop UN indicators of illicit financial flows offer a critical survey of the existing data and methodologies, identifying the most promising avenues for future improvement and setting out their own proposals. |
| format | Online |
| id | doab-20.500.12854ir-31098 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Oxford University Press |
| publisherStr | Oxford University Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-310982025-07-30T10:22:01Z Estimating Illicit Financial Flows Cobham, Alex Janský, Petr Illicit financial flows SDGs tax evasion tax avoidance offshore trade misinvoicing profit shifting estimates methodologies data thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics 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—to say nothing of how it will be achieved. The term ‘illicit financial flows’ covers a range of corrupt practices, aimed at obtaining immunity or impunity from criminal law, from market regulation and from taxation. Illicit flows occur through many different channels, whether they involve laundering the proceeds of crime, for example, or shifting the profits of multinational companies. There are two consistent features. First, illicit flows are deliberately hidden. These 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 services. Second, the overall effect of illicit flows is to reduce the revenue available to states, and to weaken the quality of governance—so there is less money to support human development, and it is less likely to be spent well. In this book, two of the economists most closely involved in the process to develop UN indicators of illicit financial flows offer a critical survey of the existing data and methodologies, identifying the most promising avenues for future improvement and setting out their own proposals. 2021-02-10T13:47:43Z 2021-02-10T13:47:43Z 2020-04-29T08:40:07Z 2020 book OCN: 1142505251 http://library.oapen.org/handle/20.500.12657/37433 https://directory.doabooks.org/handle/20.500.12854/31098 eng open access image/jpeg image/jpeg image/jpeg Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International Attribution-NonCommercial-NoDerivatives 4.0 International https://library.oapen.org/bitstream/20.500.12657/37433/1/9780198854418.pdf https://library.oapen.org/bitstream/20.500.12657/37433/1/9780198854418.pdf https://library.oapen.org/bitstream/20.500.12657/37433/1/9780198854418.pdf Oxford University Press 10.1093/oso/9780198854418.001.0001 10.1093/oso/9780198854418.001.0001 db4e319f-ca9f-449a-bcf2-37d7c6f885b1 224 Oxford open access |
| spellingShingle | Illicit financial flows SDGs tax evasion tax avoidance offshore trade misinvoicing profit shifting estimates methodologies data thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics Cobham, Alex Janský, Petr Estimating Illicit Financial Flows |
| title | Estimating Illicit Financial Flows |
| title_full | Estimating Illicit Financial Flows |
| title_fullStr | Estimating Illicit Financial Flows |
| title_full_unstemmed | Estimating Illicit Financial Flows |
| title_short | Estimating Illicit Financial Flows |
| title_sort | estimating illicit financial flows |
| topic | Illicit financial flows SDGs tax evasion tax avoidance offshore trade misinvoicing profit shifting estimates methodologies data thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics |
| topic_facet | Illicit financial flows SDGs tax evasion tax avoidance offshore trade misinvoicing profit shifting estimates methodologies data thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCM Development economics and emerging economies thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCF Labour / income economics thema EDItEUR::K Economics, Finance, Business and Management::KC Economics::KCV Economics of specific sectors::KCVD Agricultural and rural economics |
| url | OCN: 1142505251 |
| work_keys_str_mv | AT cobhamalex estimatingillicitfinancialflows AT janskypetr estimatingillicitfinancialflows |