"Combating Illicit Financial Flows Through Corporate Tax Evasion", 13 Oct 2017

...Companies use tax evasion (which is illegal) and tax avoidance, taking advantage of legal loopholes in the international corporate taxation system...

The human and social toll of corporate tax abuse [especially in Africa] is gigantic. It means less funding for infrastructure, education, health, nutrition, women's rights or environmental protection programmes. Indeed, the United Nations has declared that illicit financial flows are a handicap to development financing and hence a hindrance to Sustainable Development Goals...

This fight against illicit financial flows battle requires commitment from both states and the global community to improve transparency in financial systems and international trade, and to strengthen the capacities of national tax administrations. This includes forcing large companies to disclose the details of their activities in each country where they operate, to ensure that all profits are duly taxed in the countries where the productive and commercial activities take place...