Abusive transfer pricing, bribery and tax evasion are contributing to the loss of more than $60-billion from unlawful money flows in Africa.

MPs say transfer pricing, though legal, presents challenges when determining if firms have evaded taxation and they want the practice criminalised.

NEWS ANALYSIS: Why did the mining company move millions of rands in revenue to no-tax Bermuda?

A flawed global tax system has created a world in which a smart company can create intellectual property, move it to a tax haven and cut its tax bill.