Kenya: How Global Financial Networks Help KRA Track Tax Evaders

Hiding money in a foreign bank account and hoping the taxman back home never finds out is a gamble that is becoming harder to win, because Kenyan Revenue Authority (KRA) has a quiet but powerful global network working in its favour.

At the centre of this system is something called the Common Reporting Standards (CRS). This is a global agreement between tax authorities in over 70 countries that requires them to automatically share financial data with each other every single year.

This system…