Taxman nets billions after audit of firms (Record no. 195263)
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| 000 -LEADER | |
|---|---|
| fixed length control field | 01136nam a22001697a 4500 |
| 003 - CONTROL NUMBER IDENTIFIER | |
| control field | KE-NaSUL |
| 005 - DATE AND TIME OF LATEST TRANSACTION | |
| control field | 20130913115641.0 |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION | |
| fixed length control field | 130913b xxu||||| |||| 00| 0 eng d |
| 040 ## - CATALOGING SOURCE | |
| Transcribing agency | KE-NaSUL |
| 100 ## - MAIN ENTRY--PERSONAL NAME | |
| Personal name | Irungu, Geoffrey |
| 9 (RLIN) | 119 |
| 245 ## - TITLE STATEMENT | |
| Title | Taxman nets billions after audit of firms |
| Statement of responsibility, etc | Geoffrey Irungu |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) | |
| Place of publication, distribution, etc | Nairobi |
| Name of publisher, distributor, etc | Nation Media Group Ltd |
| Date of publication, distribution, etc | 2013 |
| 300 ## - PHYSICAL DESCRIPTION | |
| Extent | p. 1 |
| Other physical details | Business Daily, September 13, 2013 |
| 520 ## - SUMMARY, ETC. | |
| Summary, etc | - More than 10 multinational companies had used the transfer pricing mechanism to declare losses that effectively disqualified them from paying income tax.<br/> - Most of the suspect transactions involved local companies and their subsidiaries located in tax havens that do not charge income tax or whose tax rates are much lower than Kenya’s 30 per cent.<br/> - KRA said it had busted the tax evasion syndicate by comparing what the tax haven-based associates of local firms had charged with the prevailing market prices of the goods and services.<br/>- The culprits are expected to agree with KRA on a payment schedule that will enable them to clear the tax. |
| 650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM | |
| Topical term or geographic name as entry element | Tax |
| Form subdivision | KRA |
| 942 ## - ADDED ENTRY ELEMENTS (KOHA) | |
| Source of classification or shelving scheme | Library of Congress Classification |
| Koha item type | Article |
| Initials | RC |
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