Prime

Kenya losing over Sh600bn in tax evasion annually

The report of the ‘High Level Panel on Illicit Financial Flows from Africa’ profiled Kenya, Ghana, Mozambique, Tanzania and Uganda. PHOTO | FILE

Kenya loses an estimated Sh639 billion annually in tax evasion by multinational corporations, significantly hampering economic growth.

A report released by the Tax Justice Network - Africa (TJN-A), an affiliate of the African Union, said available documents and statistics from multinational companies only trace about Sh146 billion lost in trade mis-invoicing between 2002 and 2011.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.

Get it First!

Stay up to date on the editors' picks of the week.

Latest

  1. PRIME Early winners as Lamu refinery project kicks off

  2. PRIME Sacco accounts holding millions rise to 154,000

  3. DN Kimani Ichungwah 0301 b

    PRIME Teachers face tighter misconduct rules in proposed changes

  4. PRIME How worker assaults sparked exit of security boss of giant tea firm

In the headlines

View All