How Kenya has lost Sh6.1 trillion to tax fraud

A new report by Global Financial Integrity estimates that Kenya lost over Sh6.1 trillion between 2013 to 2022 due to "trade misinvoicing." [File, Standard]

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.