Corporate Corruption (Part 2): How to make multinational companies pay their fair share

As explained in Part 1, illicit financial flows out of South Africa are substantial and growing and that the lion’s share of such flows is linked to multinational corporations (MNCs) and their illicit profit shifting practices. If this is the logical result of the current global competition where every enterprise needs to make more profit than its competitors, then the generalisation of illegitimate tax avoidance schemes by MNCs is threatening the sustainability of our economy.