Nigerian Finance Minister Okonjo-Iweala has argued for a new development deal on taxation.
Mark Tran, for the
Guardian, wrote:
"A Nigerian discussion paper in Bali noted that net financial transfers to developing countries over the past decade may well turn out to be negative once illicit flows (tax evasion, money laundering, trade and transfer mispricing by companies, and bribery) are taken into account, although current estimates – up to $1tn a year – are contested."