Use KRA To Fight Corruption

What You Need To Know:

• Despite its sometimes infuriating systems, the KRA is one of the more efficient government agencies in Kenya, thanks to the reforms put in place by the Mwai Kibaki administration.
• With the new Tax Procedures Act in place and the recent ruling that illegal income is taxable, the KRA may just be best placed to slay the dragon.
• One need not be a psychic to know that most of the beneficiaries of corruption do not pay taxes on their loot. The penalties for tax evasion under the new Tax Procedures Act include fines of up to Sh10 million and/or imprisonment of up to 10 years.
• All the KRA needs to do is trace one of the beneficiaries of corruption and prosecute him for tax evasion.
• Human beings are innately self-preserving and few would turn down an offer to provide information on their co-conspirators if it meant no time or reduced time served as a guest of the State