Wednesday 19 December 2018
Home      All news      Contact us     
maverick - 30 days ago

ILLICIT FINANCIAL FLOWS: Trade misinvoicing costs South Africa $7.4bn in tax a year

While SARS is scrambling to meet collection targets, a new report estimates the country lost $37-billion in revenue to trade misinvoicing in five years. Trade misinvoicing is thought to be the largest component of illicit financial flows, draining developing countries of much-needed finances.

Related news

Latest News
Hashtags:   

ILLICIT

 | 

FINANCIAL

 | 

FLOWS

 | 

Trade

 | 

misinvoicing

 | 

costs

 | 

South

 | 

Africa

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources