People Daily | by Steve Umidha
Kenya loses an estimated Sh55.1 billion in corporate tax per year from multinational companies abusing the law to shift profits to United Kingdom, Switzerland and Luxembourg, a new study by an advocacy group reveals.
Tax Justice Network (TJN) says for the first time, the extent of resources being lost placed Kenya among top African countries most exposed to the vice. The continent losses over $25 billion (Sh2.7 trillion) yearly mostly from corporate tax abuse…
