The Tax Justice Network–Africa (TJN-A) and the Malawi Economic Justice Network (MEJN) in collaboration with the Chairperson of the Natural Resources and Climate Change Committee of the Malawi Parliament have today launched a two day 2nd meeting of the African Parliamentarian Network on Illit Financial Flows and Tax held at Crossroads Hotel in Lilongwe.
The meeting has targeted 20 African members of parliament, 6 African civil society organizations working on IFF, and the local media with objectives to; update and brief MPs on the last APNIFFT meeting; update MPs on recent developments in Africa on Illicit Financial Flows (IFF); to recruit new MPs on the APNIFFT; strategizing and brainstorming on an APNIFFT programme of work for the rest of the year; and to agree on coordination mechanisms between the APNIFFT and CSOs.
Illicit financial flows are responsible for draining the African continent of resources for development and are revenue mobilization efforts. Abusive transfer pricing and related commercial activities attributed to multinational companies operating on the continent represent a significant source of this outflow.
There have been renewed political momentum globally to tackle the illicit financial flows through various international initiatives and efforts aimed at changing the global tax rules, led by the OECD under the instigation of the G20 group of countries.
The Tax Justice Network - Africa (TJN-A) and its members plans to facilitate an African Parliamentarian Network on Illicit Financial Flows and Tax (APNIFFT) to be led and driven by the MPS champions from across Africa who have already expressed a desire and commitment to spearhead the fight against illit financial flows.
The main goal of APNIFFT is to provide a platform for African legislators / parliamentarians to undertake sustained advocacy related dialogue and debate in a simplified manner on Illicit Financial Flows, tax governance and domestic resource mobilization on the African continent, informed by research and inclusive of a wide variety of voices with links to national and regional processes.