Kenyan Wall Street | by Mwakaneno Gakweli
Kenya occupies position 63 out of 70 jurisdictions globally, complicit in helping multinational companies underpay corporate income tax. According to a report dubbed Corporate Tax Haven Index (CTHI 2021) by the Tax Justice Network Africa, the country is responsible for 0.14% of the world’s corporate tax abuse risks.
The study shows that Kenya has a Corporate Tax Haven Index (CTHI) value of 62, which shows that its laws and position in the global economy combine to form a relatively low risk of corporate tax abuse by multinational…
