Our team represented a leading US-based global professional services network
Our team represented a leading US-based global professional services network
We represented a leading US-based global professional services network in a cluster of related actions where so-called investors, who had invested their monies in a Ponzi scheme, sought an indemnity from our client should they not recover their money from the fraudster's estate.
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In what appears to be an intentional targeting of offshore transactions, the Kenya Revenue Authority (KRA) has intensified its audit and assessment of these transactions. To complement the taxman’s efforts, the Tax Appeals Tribunal (TAT) has also rendered determinations that make it easier to attribute gains from offshore disposals to Kenya and hence provide the basis for theirtaxation.
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13 May 2024
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