Tag: tax avoidance
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Dubai Property Shield: Kenya’s Elite Channel Billions Away from Scrutiny
Overview: A Hidden Flight from Home Scrutiny Kenya’s wealthiest individuals are channeling billions of shillings into Dubai’s luxury property market, a development that signals a strategic shift in asset protection and tax planning. The emerging narrative, uncovered by a major investigative report, suggests that high-net-worth Kenyans view Dubai real estate as a safe harbor—one that…
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Kenya’s Elite Invest in Dubai Property to Dodge Scrutiny
Dubai Property Boom Draws Kenya’s Elite into a Hidden Economy Kenya’s wealthiest individuals are increasingly channeling billions of shillings into luxury real estate in Dubai, a trend highlighted by a major new investigation. The move appears designed to shield assets from the Kenya Revenue Authority (KRA) and from public scrutiny back home. As global money…
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Taxpayers Lose Millions to ‘Phoenixism’ as UK Recruitment Firms Re-emerge from Administration
What is phoenixism and why it matters Phoenixism refers to the practice where a company enters insolvency, sheds its debts, and is reconstituted by its directors or former owners. The
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Phoenixism in UK Recruitment: How Reincarnated Firms Cost the Taxpayer Millions
Understanding the Phoenix Phenomenon in UK Recruitment In the UK, a troubling pattern known as phoenixism has resurfaced within the recruitment sector. Insolvent recruitment businesses are shed of their debts and then reconstituted by the very directors or shareholders who presided over their collapse. The result is a fresh, operational entity that can continue trading…