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Illicit financial flows and country-by-country reporting in extractive industries

Author

Listed:
  • Saila Stausholm
  • Petr Janský
  • Marek Šedivý

Abstract

Economic data are important in governing the international political economy. Some of the most widely used macro statistics risk being undermined by systematic misalignment in reporting of economic activity due to illicit financial flows, as well as tax-minimizing financial transactions by multinational corporations. Measuring these misalignments may prove a way to correct old statistical standards, if adequate data can be obtained.

Suggested Citation

  • Saila Stausholm & Petr Janský & Marek Šedivý, 2022. "Illicit financial flows and country-by-country reporting in extractive industries," WIDER Working Paper Series wp-2022-76, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2022-76
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    File URL: https://www.wider.unu.edu/sites/default/files/Publications/Working-paper/PDF/wp2022-76-illicit-financial-flows-extractive-industries.pdf
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    References listed on IDEAS

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    Cited by:

    1. Matti Ylönen & Wolfgang Drechsle & Veiko Lember, . "Online incorporation platforms in Estonia and beyond: How administrative spillover effects hamper international taxation," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.

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    Keywords

    Tax avoidance; Illicit financial flows; Extractive industries;
    All these keywords.

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