Top Tweets for #StopTheBleedingUG
The #FINcen files highlighted the ways these activities are facilitated by the banking industry.
They take advantage of loopholes in regulations between countries such as rules relating to taxation, accounting and banking secrecy.
#StoptheBleedingUg
We call them illicit not because they are illegal but becuse they are immoral, they are unethical. It means you are benefiting but not paying your fair share- @ironladey #StopTheBleeding
#StoptheBleedingUg
Going live in 30⌛
@amwaafrika and @UAFAfrica's e-conference titled “Illicit Financial Flows: Plugging the outflow of resources for gender justice.”
📌Join in to understand the seemingly complex issue of #IFFs and their impact on gender justice.
#StopTheBleedingUg
AD: It's time to talk illicit financial flows and how they affect the country's economy. Join in on the discussion on this and so much more starting at 3:00 PM live on NTV.
#StopTheBleeding | https://t.co/u3DLRxaeWV
In situations of resource constraints, women suffer the most.
Reduction in spending in key areas like #education & #healthcare has a direct impact on women and women-headed households that are more dependent on public social services.
#taxjustice
#stopthebleedingug
UG joins the Extractive Industries Transparency Initiative. “EITI implementation will require Ug to publicly disclose information such as contracts, beneficial owners, revenues & payments, including payments related to the environment.” #StopTheBleedingUg https://t.co/Fb52QL7RAI
Social determinants that facilitate #humantrafficking include: poverty, female gender, lack of policy and enforcement, age, migration, displacement & conflict, ethnicity, culture & ignorance.
Notably, #humantrafficking is one of the gendered impacts of IFFs.
#StoptheBleedingUg
.@Youth_TJN is inviting entries for an essay writing competition on "The Role of the Youth in influencing #taxjustice agenda in the EAC."
The competition is open to all youth within the East African region. Click here for more info:
https://t.co/8OjbEQkVch
#StopTheBleedingUg
They also end up fueling criminal activity which exacerbates situations of conflict for women and girls and as gov'ts, compensate for them, they lead to regressive tax policies of which women bear the brunt.
#FeministEconomies
#StopTheBleedingUg
Illicit Financial Flows (IFFs) are a big part of feminist economic realities because they drain critical development resources from communities which disproportionately affects women.
#FeministEconomies
#StopthebleedingUg
Our Tweetathon starts now! Let's begin by looking at the context.
Why should we talk about Feminist Economic Realities?
Share your thoughts using #FeministEconomies & #FeministRealities
"tax justice campaigners should be calling for a strong fiscal stimulus which will lead to poor and vulnerable people paying less and rich people and strong, profitable corporations paying more"
@TaxJusticeNet
#StopTheBleedingUg
https://t.co/Zh4Ddq39I3
IFFs are a threat to women’s peace and security because they often end up fueling criminal activity and exacerbating insecurity for ordinary citizens, particularly women and youth.
#StopTheBleedingUg
Women, who are overrepresented in the informal sector, spend a large part of their income on taxes for the essential goods and services they consume to sustain livelihoods, perpetuating the cycle of poverty and aid dependence.
#StopTheBleedingUg
When a state ́s ability to collect revenues is compromised, the State resorts to regressive tax policies focusing on increased consumption taxes (e.g VAT) which have a particularly negative effect on informal workers and people living in poverty.
#StopTheBleedingUg
Under-investment in the economy leads to greater unemployment. In such contexts, women are more at risk of unemployment and often have to accept worse working conditions, shorter working hours and lower quality jobs. #StopTheBleedingUg
With a shortfall in revenue collection to finance the budget, there is a reduction in spending in key areas such as education and health care which has a direct impact on women and women-headed households that are more dependent on public social services.
#StopTheBleedingUg
Illicit Financial Flows (IFFs) drain critical resources from communities that could be invested in critical areas of development. This impact is felt most heavily by women in those communities.
#StopTheBleedingUg
According to GFI, between 2002-2010, below is how much Uganda lost to IFFs
~US$8.39 billion flowed illegally out of the country due to trade misinvoicing
~US$457 million flowed illegally into the country due to trade misinvoicing. #StopTheBleedingUG
https://t.co/XmSdFmn3Ms
While IFFs are a result of illegal activities, some activities contributing to the practice
may circumvent that definition as they are not technically illegal but illicit. This means
that although the activities are legal, they are not ethical or moral.
#StopTheBleedingUG
An emerging area with a huge opportunity for Illicit
Financial Flows is the gambling industry. Gambling is one of the alternative methods of laundering money, thanks in part to the large volumes of cash these businesses tend to handle.
#StopTheBleedingUg
The weakness of accountability mechanisms in preventing IFFs allow those involved to perpetrate them unpunished. Actors involved are able to perpetrate such flows from behind a veil of secrecy, or, even when their actions are uncovered, to escape punishment.
#StopTheBleedingUg
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