This archive report was first published on 26 November 2019.
On November 26, 2019, Kenya took a significant step in the fight against illicit financial flows by signing the Yaoundé Declaration.
The National Treasury Acting Cabinet Secretary, Ukur Yatani, has provided the much-needed boost to the Kenya Revenue Authority's (KRA) efforts to tackle illicit financial flows through the declaration.
According to KRA Commissioner General Githii Mburu, the Yaoundé Declaration focuses on improving international tax cooperation through enhanced information sharing among African Union member states to curb illicit financial flows.
“KRA is encouraged by the Government’s swift moves to prioritize the signing of international treaties that will accelerate efforts to curb international tax evasion,” Githii said.
Kenya has joined the Yaoundé Declaration and will support its commitments, as stated by Yatani in a communique to the Chairperson of the Global Forum on Transparency and Exchange of Information for Tax Purposes, Maria-Jose Garde.
“Recognizing that an initiative by the African Union on tax cooperation and illicit financial flows to enhance domestic resource mobilization, with the support of the Global Forum and its African members, in collaboration with the United Nations Economic Commission for Africa, Regional Economic Communities and the African Development Bank would be a decisive step forward, I hereby join the Yaoundé Declaration and add Kenya’s weight to its commitments,” Yatani said.
Kenya is encouraged by the Yaoundé Declaration and its call for action to tackle illicit financial flows in Africa through improved international tax cooperation, as stated by Yatani.
