How Kenya has lost Sh6.1 trillion to tax fraud

As the taxman aggressively pursues small traders and salaried employees for unpaid dues, a global financial watchdog has warned that the country is losing nearly 50 times more money through a sophisticated form of trade fraud perpetrated by large corporations.

This severely undermines the government’s ability to fund development for Kenyans and escape a crushing debt crisis.

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var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
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const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
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As the taxman aggressively pursues small traders and salaried employees for unpaid dues, a global financial watchdog has warned that the country is losing nearly 50 times more money through a sophisticated form of trade fraud perpetrated by large corporations.

Follow The Standard
channel
on WhatsApp