(PHOTO CREDITS: Courtesy FINANCIAL FORTUNE)
By Steve Umidha
Despite the growing awareness, developing countries continue to lose more money through illicit financial flows (IFFs) than they gain through aid and foreign direct investment – with IFFs believed to be rising at an alarming rate – 10 per cent annually.
With the onslaught of the global coronavirus pandemic, there are concerns that the scale and scope of Illicit Financial Flows (IFFs) could be increasing.
While focus has previously been put on legal and financial sectors to tackle the menace, experts believe individuals like journalists could help bridge the existing gap.
It is against this backdrop that the Tax Justice Network Africa (TJNA) will be hosting a virtual training for tax justice advocates in Africa. This year marks the 7th Edition with the themed, Tax Justice Advocacy: Increasing Participation of Civil Society Organizations (CSOs) and Journalists through Capacity Building.