Despite Global Financial Crisis, Illicit Financial Outflows from Developing World Remain High, Finds New Report

kristy Reforming Global Finance

FOR IMMEDIATE RELEASE: December 15, 2011 Despite Global Financial Crisis, Illicit Financial Outflows from Developing World Remain High, Finds New Report Over US$900 Billion Illicitly Drained from Developing Countries in 2009, Says Annual GFI Study Report Finds Developing World Lost US$8.44 Trillion over the Decade 2000-2009 WASHINGTON, DC – Developing …

Tax Evasion: The Real Costs

kristy SRI/ESG News

A publication from Demos’ Taxes Matter Week Tax evasion will cost the U.S. government $305 billion in 2010 and has cost $3 trillion over the past decade. It is a major contributor to budget deficits and the accumulation of national debt since 2001. Tax evasion also costs state treasuries billions …