Transcript Task Force on Financial Integrity and Economic Development

Compared to
Outflows
$1.44
$1.26
Current Estimate 2008
Inflows
(in trillions of USD)
$120
2000s
(in billions of USD)
World
Population
$55.6 Trillion
$40.7 Trillion
66.8%
20%
80%
Global GDP
Global GDP
at
at
Market Exchange Rates
Purchasing Power Parity
Source: Calculations based on World Bank data from World Development Indicators 2007.
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Tax Havens
Falsified Pricing
Fake Foundations
Money Laundering
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Anonymous Trusts
False Documentation
Disguised Corporations
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Offshore Secrecy Jurisdictions
Loopholes Left in Laws of Western Countries
Compared to
Outflows
$169,000
Current Estimate: 2008
(in millions of USD)
Inflows
$44,000
GER Goods (A) (IMF DOTS)
Services Factor
GER Services (B=A*factor)
37,071
0.25
9,147
GER G&S (A+B)
46,219
Same-invoice faking (C)
46,219
Total (A+B+C)
92,437
CED (D) (WB Residual)
Total (A+B+C+D)
52,906
145,343
Missing data (E)
24,089
Grand Total (A+B+C+D+E)
169,433
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Beneficial ownership
Country-by-country reporting
Curtailment of trade mispricing
Automatic exchange of tax information
Harmonization of anti-money laundering policies