Conclusions from Illicit Financial Flows – October 23rd

5 Nov

asap orangeOn 23rd October, Academics Stand Against Poverty collaborated with its partners, (KCL, UEL and the University of Notre Dame) to present a conference on Illicit Financial Flows.  Every year $1 trillion is spirited out of countries through corruption, money laundering and corporate tax evasion. Such financial losses aggravate poverty and weaken institutions needed to sustain livelihoods. At this conference ASAP presented their research and a proposal for institutional reforms that can become part of the post-MDG agenda.  Thomas Pogge, Leitner Professor of Philosophy and international affairs and Founding Director of the International Justice programme at Yale University, as well as Professor of Philosophy and Global Justice in the Dickson Poon School of Law, King’s College London, spoke at the conference. His talk were followed by a panel discussion and workshops with ASAP’s partners (KCL, UEL and University of Notre Dame).

The conference was hugely successful and a range of conclusions were drawn. These conclusions include the importance of having an illicit flows target for the post-2015 agenda. It was acknowledged that there is a growing recognition that taxation is central to development finance, and that illicit flows hamper effective taxation for development. In addition, during the workshop on ‘Shifting the narrative on tax’, the problem of maintaining the momentum and keeping the ‘political space’ open post G8/G20 was raised. It was noted that there is a danger of the public and policy makers accepting the rhetoric that the problem has been ‘solved’ by the relatively minor shifts in terms of transparency from tax havens and behaviour changes from businesses addressed.

See the full conclusions from the conference here.

Trackbacks and Pingbacks

  1. Cat Has Joined The ASAP Board | Fromoverhere - November 26, 2013

    […] As the current Co-Chair of ASAP UK, Cat has extensive experience with ASAP, and has been a major contributor to the organisation’s growing global network. Recently, ASAP UK hosted a very successful conference on Illicit Financial Flows and the impact this has had on poverty around the world. They were able to present their research and a proposal for institutional reforms that could become part of the post-MDG agenda. Read more about the conference here. […]

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