The Tax Justice Network released a new tool to track the global extent of tax-related illicit financial flows, how much tax revenues each country loses, and which jurisdictions facilitate these enormous losses. Tijmen Tuinsma authored an article on their website with a description of the tracker and some of its implications.
The tracker shows how $1,624,708, 158,000 (over 1.6 trillion dollars) in 2022, with an estimated tax revenue lost of over $433 billion. As an example, they estimated that Ghana revealed an outward illicit financial flow of $1 billion in 2022, with most flowing to Ireland, UK, Singapore, Switzerland, and Hong Kong. Ghana lost $267m in tax revenue from these illicit financial flows in 2022. Mozambique was noted to have had $251m in illicit financial flows with a lost of over $80m in tax revenue in the same year. Kenya lost $193m in tax revenue from nearly $644m in illicit financial flows. These loses are enormous contributors to the so-called ‘resource scarcity’ that undermines public education and health care in so many low and middle income countries. These figures are above and beyond the loses that arise from regressive taxation systems that have become increasingly prevalent in countries around the world.
The tracker makes clear that fair and effective taxation, and regulation of illicit financial flows are essential tools to improve global health, both for resource mobilization and for reducing inequality.
See article at : https://taxjustice.net/2026/10/15/launching-a-new-tool-to-reveal-the-global-extent-of-illicit-financial-flows-and-how-to-tackle-them
Link to tracking tool: https:/iff.taxjustice.net/dashboard