Impact of Illicit Financial Flows on DOMESTIC RESOURCE MOBILIZATION

The recent furor over the massive cache of leaked documents has galvanized global attention on the impact of illicit financial outflows on domestic resource mobilization. However, renewed impetus for change will require complementary analytical and strategic work and effective concerted actions. This report is a follow-up to the landmark Report of the High Level Panel on Illicit Financial Flows from Africa, commissioned by the African Union and the Economic Commission for Africa. Based on four country case studies, this report demonstrates the level of vulnerability of the mining sector of Africa to sophisticated cross-border corporate practices which erode the tax base of its countries.