DIGITAL SERVICE TAX

Kenya should share in global corporation tax

In Summary

• Last year Microsoft earned $315 billion in licence fees but paid no tax because the money went to Bermuda

• The G7 governments have now agreed that global companies should pay at leat 15 percent corporation tax

Last Friday G7 finance ministers agreed that giant global companies should pay at least 15 percent corporation tax on their global profits.

Last year Microsoft earned around US$315 billion in ...

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