Billions in transfers. Many migrants send remittances to their families in their home countries through companies specializing in money transfers. But what impact is this having on the home countries? And how do these transfer agencies make money?
For many countries in Africa, money transfers from citizens living abroad are an extremely important source of income - sometimes even more so than development aid. But there are drawbacks, says DW's Ludger Schadomsky.
On the heels of the Panama Papers release, Europe's five biggest countries have jointly called for tax haven transparency and have asked the G20 to support the proposal.
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