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Spreading the risks: Why Kenyans send money to these havens

Phillip Muema, founder of Nexus Business Advisory Limited. PHOTO | COURTESY

Wealthy Kenyans are learning from their peers around the world by constantly seeking elaborate schemes to protect their money and keep it away from the tax man at all costs.

Private tax consultants are paid top dollar to devise means of routing investments the world over through layers of ownership structures deliberately designed to fool tax regimes.

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