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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The latest Auditor General’s report has opened the lid on some of the tricks companies use to avoid paying taxes, denying the Government critical revenue.
The tricks range from outright collusion between Kenya Revenue Authority (KRA) staff and fraudulent accountants, over-declaring of purchases to filing nil VAT returns. The ploys, some of which amounted to tax evasion, might have cost KRA billions in tax revenues.
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