Tracking the missing billions | Article
African, Asian and Latin American states have won a vote on tax reform at the UN – it could boost revenues and help them catch stolen cash, Ahead of the annual meeting of the UN General Assembly, African states were focusing on the need to claw back the billions of dollars lost in illicit financial flows (IFFs) as their treasuries searched for revenue to fund public services and pay spiralling debt service costs. On 22 November, a coalition of 125 mostly developing countries led by Nigeria won a vote in the UN General Assembly to establish an intergovernmental authority to draw up rules on t...
Source: africa-confidential.com