"International growers avoid taxes in Kenya"

Many of the international rose growers, who established a farm in Kenya, are avoiding taxes. This has been reported by Investico, a platform of investigative journalism, based on information from the Kenyan Chamber of Commerce and Panama Papers. They investigated 32 companies, 14 of which made use of offshore constructions.

Due to these financial constructions, Kenya is likely to lose millions in tax revenue, according to the report. Flowers are the second largest export product of Kenya, and many of the farms are Dutch in origin. From a fiscal point of view, a large proportion of these companies appear to have branches in the British Virgin Islands, Jersey, the Bahamas and the Isle of Man, among others, according to the research.

Click here for the research in Dutch.

 


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