Experts find pardoning of tax evaders to be Pandora's box - News Summed Up

Experts find pardoning of tax evaders to be Pandora's box


By EDWIN OKOTHMore by this AuthorExperts remain divided on the amnesty window given to tax cheats holding cash and property abroad. Transparency International Executive Director Samuel Kimeu said the assumption that all the wealth stashed abroad is clean may create loopholes for criminals and corrupt leaders with wealth abroad to bring it back to Kenya. Tax amnesty must not overshadow the crucial element of fighting crime,” Mr Kimeu said. TAX COMPLIANCEHe however denied that the scheme was a trap to catch those who have stashed ill-gotten wealth abroad. The Americans are already tracing their citizens even here in Kenya through Fatca,” Mr Ojee said during a stakeholder engagement forum for the tax amnesty.


Source: Daily Nation April 15, 2017 20:48 UTC



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