Profit shifting by multinational corporations in Kenya: The role of internal debt

Roseline Misati, Kethi Ngoka, Anne Kamau and Maureen Odongo

No wp-2022-39, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Illicit financial flows directly impact a country's ability to raise, retain, and mobilize its own resources to finance sustainable development. Against a backdrop of a weak public financial position attributed to capital flight, tax avoidance, and dependence on corporate income taxes, governments in Africa face impediments to their efforts to widen the tax base. Using firm-level annual data from 2015-19 from multinational corporations' audited financial statements, we assess the scale of profit shifting by those corporations with a presence in Kenya.

Keywords: Profit shifting; Corporate tax; Multinational firms (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-acc, nep-afr and nep-fdg
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.wider.unu.edu/sites/default/files/Publ ... le-internal-debt.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unu:wpaper:wp-2022-39

Access Statistics for this paper

More papers in WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER) Contact information at EDIRC.
Bibliographic data for series maintained by Siméon Rapin ().