01262nam a22001217a 4500100001600000245005300016260003800069520080400107650005500911856015400966942000701120999001301127  aNyasa Times  aMalawi Commits to Prevent Illicit Capital Flight  aBlantyre: bNyasa Times, c2013.   aMalawi made the commitment to prevent illicit capital flight during the African Commission on Human and People’s Rights 53rd Ordinary Session, held, in the Gambia through adoption of resolution 236 on Illicit Capital Flight from Africa.  The resolution calls on nations to put in place rules and regulations to curb capital flight from the continent.Malawi has committed to examine its national tax laws and policies towards preventing illicit capital flight. Currently, Malawi ranks 75th out of 143 countries for largest average illicit financial flow estimates for 2001 to 2010. Malawi has lost USD 4,691 million between 2001 and 2010 due to illicit financial flows where Companies and individuals are able to avoid paying taxes by shifting large sums of money from one jurisdiction to another.   aCAPITAL FLIGHT, CAPITAL OUTFLOW, TAX HAVENS, TAXES  uhttp://iffoadatabase.trustafrica.org/iff/malawi_commits_to_prevent_illicit_capital_flight___malawi_nyasa_times_–_malawi_breaking_news_in_malawi.pdf  cCF  c403d403