Rethinking Risk: Why Small Is Beautiful In The Fight Against Cross-border Tax Crime

Tax evasion is not only criminal, it damages the finances of governments and puts nations’ public services at risk. However, the nature and scale of tax evasion globally is poorly understood. The extent to which such tax evasion is conducted and concealed, by transmitting funds abroad or through the use of offshore vehicles and international finance centres, is particularly poorly researched and evidenced. It is a commonly-held assumption – not just by so-called tax justice campaigners but also by many politicians, civil servants and journalists in big nations – that small IFCs pose a substantial risk to the revenues of governments around the world through their supposed facilitation of tax evasion.