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Capital Movement through Trade Misinvoicing: The Case of Africa (Record no. 1)

000 -LEADER
fixed length control field 01734nam a22001577a 4500
022 ## - INTERNATIONAL STANDARD SERIAL NUMBER
ISSN 1359-0790
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name de Boyrie,M.E , Nelson, J. A and Pak, S. J
245 ## - TITLE STATEMENT
Title Capital Movement through Trade Misinvoicing: The Case of Africa
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher Journal of Financial Crime
Year of publication 2007
300 ## - PHYSICAL DESCRIPTION
Number of Pages 26p.
490 ## - SERIES STATEMENT
Series statement Vol. 14
520 ## - SUMMARY, ETC.
Summary, etc The study reveals how trade misinvoicing can be used as a tool to move capital in or out of a country in order to evade taxes and custom duties, to avoid quotas, for smuggling, to launder money, or as a means of capital flight. For whatever reason misinvoicing occurs, the economic development of the given country can be severely hindered. The study reveals that the amount of annual capital outflows to the U.S. from Africa between 2000 and 2005 increased by more than 60%. This capital flow occurred mostly through low priced exports which can facilitate tax evasion, launder money, or just move money out of the country (capital flight). High priced imports are also used for capital flows and can be used to mask illegal commissions. Four of the top thirty African countries to move capital to the U.S. are classified as Northern African countries. These four countries (Egypt, Algeria, Morocco and Tunisia) alone moved approximately $6,734 million through trade misinvoicing while the remaining 26 Sub-Saharan countries combined moved a total of $13,408 million. The country moving the most capital to the U.S. through trade misinvoicing was South Africa, a Sub-Saharan country.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Trade Misinvoicing, Money Laundering , Capital Flight
856 ## - ELECTRONIC LOCATION AND ACCESS
Uniform Resource Identifier http://iffoadatabase.trustafrica.org//iff/_africa_capital_movement_through_trade_misinvoicing_pak_deboyrie_nelson.pdf
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Computer Files

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