Taxing non-renewable resource extraction: for more transparency, fairness and sustainability
Illicit financial flows are one of the symptoms of unharnessed globalisation. While trade and finance have become more and more international, with an accelerated rhythm since the end of the Cold War, governance has not kept pace and all states, including the most powerful, face the consequences of non-cooperative behavior and free ride, from other state entities as well as from non-state actors whose influence can exceed that of entire countries.