Tycoons Ignore Kenya's Amnesty to Bring Back Money Stashed Abroad

The money is reportedly enough to run the country's Budget for five years and can also retire the mountain of debt that has caused pain through heavy taxation of basic commodities and service, according to a new report. Experts says the U.S.$149 billion will remain in offshore accounts unless the government adds tax incentives to the no-questions-asked amnesty.

U.S. dollars (file photo).

Times Tower, the headquarters of the Kenya Revenue Authority in Nairobi.

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