- Corporate Tax Haven Index (CTHI 2021) by Tax Justice Network Africa (TJNA), a Pan-African research and advocacy organisation has revealed that Kenya and Tanzania are among the world’s top 70 countries helping multinational corporations to underpay corporate income tax.
- The CTHI assesses how countries help multinational corporations underpay corporate income tax.
Corporate Tax Haven Index (CTHI 2021) by Tax Justice Network Africa (TJNA), a Pan-African research and advocacy organisation has revealed that Kenya and Tanzania are among the world’s top 70 countries helping multinational corporations to underpay corporate income tax which results in lower revenue collections.
The CTHI assesses how countries help multinational corporations underpay corporate income tax. Haven score shows how much scope of corporate tax abuse the jurisdiction’s tax and financial system permit. The Global Scale weight indicates how much of the financial activity of multinational corporations around the world is hosted by the jurisdiction. CTHI value is calculated by combining a jurisdiction’s Haven Score and Global Scale Weight.
The latest study which published its findings last week points out that Kenya accounts for 0.1 percent of the world’s corporate tax abuse with CTHI of 0.14 percent, haven score of 50 percent, and Global Scale weight of 0.013 percent. Tanzania, according to the report, is responsible for 0.1 percent of the World’s corporate tax abuse, with a CTHI, haven score and Global Scale weight of 0.11 percent.
