Report: Bringing the billions back – how Africa and Europe can end illicit capital flight

Every year between US$ 850-1000 billion disappears without a trace from developing countries, ending up in tax havens or rich countries3. The main part of this is driven by multinational companies seeking to evade tax where they operate, and has been called “the ugliest chapter in global economic affairs since slavery”. Forum Syd has recently published a comprehensive compilation of existing facts about capital flight from developing countries. […]