Staggering – capital flight out of South Africa could be 20% of GDP. That’s massive organised theft.
And the big increase is transfer mispricing.
That is corporate theft.
Don’t tell me that corproations don’t help create poverty in these places. They do so deliberately.
This data from economists at the University of Witswaterand, Johannesburg.
Disclaimer: Unless specifically stated to be the views of the Task Force, the opinions expressed on this blog are solely the opinions of the individual blogger and are not necessarily those of the Task Force on Financial Integrity & Economic Development.
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