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Trade Misinvoicing & $78 Billion of Missing Gold

By admin / July 26, 2016

  Did $78 billion in gold exports from South Africa really go missing? Nope. As taxes rise, so does trade misinvoicing. This confusing term is actually a method for moving money across borders, primarily to avoid taxes. The Global Financial Integrity Group claims that $465.3 billion was underreported in 2004. They argue that this figure rose to just over $1,090.1 […]