The Guardian
Malaysia is among the top 20 countries in the world when it comes to capital flight, according to the London-based Tax Justice Network.
According to a report by influential London-based daily The Guardian, Tax Justice Network’s researcher James Henry estimated that US$283 billion (RM892 billion) has been transferred to tax havens from 1970 to 2010.
For comparison, the amount is three and a half times more than Malaysia’s foreign debt of RM257.2 billion in 2011 and is second to Nigeria (US$306 billion or RM964 billion). (more…)
