The consequences of civilians and companies not paying taxes in any country are dire. TAX REVENUEIn developing countries, such as Kenya, collecting tax revenue is especially important to development initiatives. But despite this, sometimes it seems like in addition to football and running being Kenya’s most beloved sports, tax avoidance is also a national sport. The Organisation for Economic Cooperation and Development (OECD) estimates that during the 2018-2019 financial year, it is possible that Kenya lost up to Sh144 billion in tax revenue due to tax avoidance. TAX AVOIDANCEGlobal partnerships are key to cracking down on tax avoidance because it is a truly global problem.

Source: Daily Nation October 16, 2019 19:51 UTC