Maraaz The United Nations states that the resources that could be used to combat poverty are being used up due to tax evasion, corruption and financial crimes. Reported that approximately $ 1.6 trillion of money laundered each year.
UN panel on transparency and accountability in international finance. The board released its report on the effects of tax evasion, money laundering and corruption on global finance.
The report pointed out that the resources that can be used to combat poverty are consumed due to tax evasion, corruption and financial crimes. That shifting profits costs governments $ 500 billion each year.
It has been stated that $ 7 trillion is stored in tax havens, and approximately $ 1.6 trillion of money laundering, equivalent to 2.7 percent of the global gross national product, is laundered each year.
Dalia Grybauskaite, co-chair of the UN panel and former President of Lithuania, on the report. They pointed out that corruption and tax evasion are widespread and many banks cooperate secretly.
Grybauskaite said, “All of us, especially the poor, are robbed. Trust in the financial system is very important to tackle major problems such as poverty, climate change and Covid-19. ‘
Former Niger Prime Minister Ibrahim Mayaki, co-chair of the UN panel, pointed out that criminal organizations exploit the pandemic.
He stated that the resources that will prevent the spread of the epidemic, keep people alive and allow food to enter homes are misused and there is corruption and steam.
