ILLICIT FINANCIAL OUTFLOW & TAX  HAVEN SECRECY DRAINS NEARLY $ 1 TRILLION FROM DEVELOPING COUNTRIES EACH YEAR SAYS RAYMOND BAKER,DIRECTOR GLOBAL FINANCIAL INTEGRITY,A WASHINGTON D.C BASED RESEARCH & ADVOCACY ORGANISATION.

This money could have been spent by the governments in developing countries on health care,education & infrastructure and to eradicate poverty.There is an urgent need to address this  issue seriously like the United States of America which will be enacting a law called ' Stop Tax Haven Abuse Act'.