publication

Curbing illicit financial flows to pay for sustainable development and COVID-19 recovery

Authors:
Gilles CARBONNIER
2021

Illicit financial flows significantly erode the tax base of resource-rich developing countries, which do not have the means to invest in public health, education, and sustainable development. In this column, the author presents the latest research findings and policy implications and discusses some of the most promising avenues to effectively curb illicit financial flows, strengthening the nexus between trade and tax governance.