BREAKING NEWS

Dirty Money in Brazil is a huge problem

0    Economy  brazilrio

Over $30 billion in dirty money linked to crime, corruption and tax evasion is flowing out of Brazil each year, double the amount a decade earlier, a study from Global Financial Integrity (GFI) has found.

According to the study US$401.6 Billion Flowed Illegally out of Brazil from 1960 to 2012. The annual losses are equivalent to 1.5 percent of the country’s economic output and underground Economy Averaged 38.9% of Brazil’s Official GDP.

Download report: Brazil: Capital Flight, Illicit Flows, and
Macroeconomic Crises, 1960-2012

Read article in Huffington Post

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