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Kenya seals loopholes with fresh tax treaty
Companies that get mixed up in such a tax avoidance scheme--which unlike tax evasion is not necessarily illegal--explain that the different companies involved in the project are not related.
Kenya has ratified a key global treaty that tightens the noose on multinationals that have devised complex cross-border tax avoidance strategies.
The Organisation for Economic Co-operation and Development (OECD) confirmed that Kenya officially ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (Beps Convention), which helps governments to seal loopholes for abuse.
