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Over $6 Trillion Lost to Illicit Flows

Poor countries lose a lot more money each year from corruption and corporate tax evasion than they receive in foreign aid. A new report called the losses a structural cause of extreme poverty. The non-profit research organization Global Financial Integrity says developing nations lost $6.6 trillion between 2003 and 2012. Eric LeCompte, head of the Jubilee USA Network, said it’s a problem growing by nearly nine-and-a-half-percent each year. He said that “Illicit financial flows’...

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