Secrecy Savannah: Is Kenya being Shaped into Africa’s Flagship Tax Haven?
- London Think Africa Press 2013.
- 4p.
Kenya has been touted as a future tax haven in light of $21-32 trillion has been siphoned off into tax havens, and emerging evidence to suggest the City of London is trying to make Kenya the world`s next tax avoidance hub. The sheer scale of corporate power and the importance of tax havens to it is overwhelming. Tax havens exist for one purpose only: to provide a way for the rich to get around the taxes that pay for the infrastructure and services on which everyone rely. Tax havens have become, over the last 30 years, a key driver of vast inequalities around the world. The system has grown so big that it is now an arterial drain on public budgets everywhere.The global tax haven system is a network with many parts, and the more parts, the more extensive and powerful the network.
CAPITAL FLIGHT INEQUALITY TAX EVASION TAX HAVENS TAXES
