Lobby sees revenue loopholes in treaties - News Summed Up

Lobby sees revenue loopholes in treaties


By PATRICK ALUSHULAMore by this AuthorEast Africa Tax and Governance Network says double taxation agreements (DTAs) between Kenya and other countries come with little disclosure and may be exposing the country to tax leakages. The organisation specialising in taxation, governance, public policy and research says the economy may not benefit unless the government comes up with strict transfer pricing rules and make public the details of all DTAs. “DTAs may potentially be exploited by tax dodging firms by redirecting untaxed profits out of Kenya. We don’t get a sense that there has been public participation around it,” said East Africa Tax and Governance Network (EATGN) coordinator Leonard Wanyama. “Considering our revenue demands, SEZs and EPZ firms should be brought into tax bracket much faster.


Source: Daily Nation December 18, 2018 18:32 UTC



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