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The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Recent studies show that Kenya is now Africa’s largest importer of second-hand clothes, commonly known as mitumba.
This suggests that the government could have lost huge revenues due to misinvoicing - a deliberate falsification of the value or volume of an international commercial transaction to evade taxes. For second-hand clothes in Kenya, this often means under-invoicing to reduce import duties.
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