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finance

Offshore finance: more than $12tn siphoned out of emerging countries

Enviado por sector07g el Lun, 09/05/2016 - 06:04

More than $12tn (£8tn) has been siphoned out of Russia, China and other emerging economies into the secretive world of offshore finance, new research has revealed, as David Cameron prepares to host world leaders for an anti-corruption summit.

A detailed 18-month research project has uncovered a sharp increase in the capital flowing offshore from developing countries, in particular Russia and China.

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