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The Use of Tax Havens in the Ownership of Kenyan Petroleum Rights
Potential Petroleum Revenues for the Government of Kenya
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The loss of government revenue due to tax avoidance strategies by multinational companies has received significant attention in recent years in both developed and developing countries – it is widely accepted that the extractives sector is particularly vulnerable. Kenya has the opportunity to benefit from the lessons learned in other jurisdictions in order to maximize the revenue benefits it receives from oil and natural gas. This report seeks to provide a framework for assessing the risk of potential revenue loss and for prioritizing possible responses.
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