Reporting Tax Evasion

Avoidance of reporting tax evasion corruption and U.S. tax Drain $ 946.7 billion in developing countries in 2014, up more than 13.7 percent since 2010, when illicit financial flows totaled U.S. $ 832.4 billion. The results show that the cumulative illicit financial flows from developing countries link the U.S. $ 5.9 trillion between 2002 and 2011 are part of a new study reporting tax evasion published today by Global Financial Integrity GI,

An organization of research and advocacy organization based in Washington, DC. The report, Illicit Financial Flows from Developing Countries: 2002-2011, 2013 is the annual update to GI on the amount of money flowing out of developing economies because of the crime, corruption and tax evasion, and is the first of GI reports include data for 2011. reporting tax evasion As the global economy spits in the wake of the global financial crisis, low prosperous illicit funds moves more and more money to developing countries each year, said President Raymond Baker,

*Reporting tax evasion tips

GI. Companies anonymous screens, whitening techniques tax havens and secret money based on leaked trade nearly a reporting tax evasion trillion dollars of the world's poorest in 2011, at a time when the rich and the poor have difficulty stimulate economic while the overall dynamics has been built in recent years to reduce this problem growth, more must be done, this study should serve as a wake-up to world leaders: to act is now.

Reporting tax evasion methodology. Written by GI Lead Economist De Kara and GI Economist junior Brian LeBlanc, the study is the first to integrate GI re-export trade of Hong Kong data, and the first to integrate the bilateral trade data for the reporting countries taking this report, the most accurate illicit financial flows resulting from GI analysis date. We constantly strive to improve the precision of our estimates, said Dr. Kara reporting tax evasion, lead author of the study. We determined that the omission of data on the use of Hong Kong as a trading intermediary, the above has been accepted by most economists who study methodology counterfeiting trade turnover has the potential exaggerate illicit flows in many Asian countries.

Meanwhile, it became clear that the reporting tax evasion use of disaggregate bilateral trade data includes rather than the previous method had the potential to underestimate illicit financial flows from other countries. By adjusting these two problems, we can say with confidence that these are the best estimates of illicit financial flows produced to date. reporting tax evasion the estimates provided by the new method can still be extremely careful because it does not include trade in services falsification billing.

Falsification of billing the commercial invoice, shawl transactions and reports made win cash, said Dr. reporting tax evasion Kara, who served as chief economist of the International Monetary Fund before joining GI in January 2008. This means that most of the products of drug trafficking, smuggling and other activities, which are often paid in reporting tax evasion cash only are not included in these estimates.