000			01136nam a22001697a 4500
003			KE-NaSUL
005			20130913115641.0
008			130913b xxu||||| |||| 00| 0 eng d
040			_cKE-NaSUL
100			_aIrungu, Geoffrey _9119
245			_aTaxman nets billions after audit of firms _cGeoffrey Irungu
260			_aNairobi _bNation Media Group Ltd _c2013
300			_ap. 1 _bBusiness Daily, September 13, 2013
520			_a - More than 10 multinational companies had used the transfer pricing mechanism to declare losses that effectively disqualified them from paying income tax. - 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. - 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. - The culprits are expected to agree with KRA on a payment schedule that will enable them to clear the tax.
650			_aTax _vKRA
942			_2lcc _cART _uRC
999			_c195263 _d166515