In the context of taxation, this term usually refers to the transfer of funds across international borders.
The term financial flows is usually used within the context of the term illicit financial flows. These are international payments of money across international borders where the source of the payment was illegal or the result of the abuse of the law (e.g. by tax evasion activity) of one or both jurisdictions involved, or those of another state associated with the payment or where the payment itself creates such consequence.
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