The article looks at Malawi’s unfavourable tax legislation that promotes IFFs. Malawi has lost almost K970 billion in five years through tax incentives given to foreign investors such as in a bid to attract investment into the country. From 2008 to 2012, in Malawi alone more than US$3 billion (K975 billion) “was foregone, and this is almost exactly the same amount as the corporate income tax raised during that period meaning that almost half of the country’s revenue is lost through such tax lapses. Uranium mining deal is one of the investments in Malawi through which the country is losing resources that could otherwise make a difference in food security and other pro-poor initiatives. Sadc governments need to urgently review and remove such harmful tax incentive which it calls the trend a global tax scandal. There is need for Malawi to examine its national tax laws and policies towards preventing illicit capital flight.
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