Peru lost US$9.1 billion to tax evasion and illicit transactions

teleSUR English 2014-10-15

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A new study by the Latin American Network on Debt, Development, and Law says that between 2002 and 2011 Peru lost more than US$9.1 billion through tax evasion, money laundering, and drug trafficking,". The study also shows that Peruvian tax authorities did not collect taxes from the US mining company Yanacocha in 2003, causing losses of US$150 million to the state. teleSUR

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