01/10/2026
At the 14th Pan-African Conference on Illicit Financial Flows and Taxation hosted by Tax Justice Network Africa in Dakar, Senegal, IPF had the opportunity to share best practices from its work on reducing inequalities through progressive taxation.
IPF's work has generated research and, recently, a policy brief, which have been instrumental for policy engagements towards unlocking Kenya's domestic resource mobilization potential.
Today, with a weak framework targeting High Net Worth Individuals (HNWIs) and wealth, Kenya continues to miss out on billions in revenue collection annually. These are significant resources that could have been used to provide essential services like health, education, and promote food security for a country with an already high public debt-to-GDP ratio where debt service crowds out public spending.
💬 Speaking on a panel at , Veronicah Ndegwa, Senior Research Analyst at IPF highlighted what needs to be done.
The first policy action would be the adoption of one integrated database of assets and beneficial ownership to increase visibility of wealth, who owns it, and if they are paying a fair share of taxes.
Secondly, Kenya should close offshore gaps. There should be clear and transparent foreign-asset disclosure and cross- border information exchange.
The third step is building trust and promoting voluntary disclosure. This should be guided by firmer enforcement and strong data protection.
Lastly, we are asking the Government to fix the existing tax framework. For example, they should align Capital Gains Tax with the 30% corporate rate and enhance enforcement of rental income tax.
