War on graft targets tax evasion - News Summed Up

War on graft targets tax evasion


In the early 1920s, there was a notorious gangster on the Southside of Chicago called Alphonse Gabriel Capone, better known as Al Capone. Eventually, Al Capone was indicted on 22 counts of federal tax evasion and sentenced to 11 years in prison in August 1931. In 2019-20, KRA profiled 1,309 individuals and companies and identified tax evasion schemes that could have cost the government approximately Sh259 billion in revenue. In the period under review, 367 tax evasion cases worth Sh65.93 billion were filed. KRA recovered Sh62.8 billion in revenue from tax evasion cases in the year under review.


Source: The Star September 27, 2020 02:15 UTC



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