THE INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF KENYA
(Established under the Accountant Act, Laws of Kenya)
Understanding tax evasion and tax avoidance: – Recording
The link between tax evasion and money laundering / corruption
Date: 5th October 2021
Venue /Platform: Zoom
OVERVIEW
Payment of taxes is essential when it comes to the order of public services and social justice issues in the country. Failure to comply with tax obligations is a revolt against basic principles such as equality and democracy. Tax evasion, tax avoidance, or money laundering issues on obliged institutions are not implemented thoughtfully. Moreover, cooperation between law enforcement and anti-money institutions is not fruitful. This leads to a vulnerability in the system
Money laundering is the best example of avoiding taxes by hiding the origin and quantity of income. Money laundering is an attempt to disguise illegal income from organized crime as legitimate income or to erase evidence of income altogether. Money laundering channels function as communication tools through which money can flow from one area to another, and therefore only a holistic approach to combating money laundering can be practical.
Money laundering is a criminal offense aiming to legitimately present some of the wealth illegally acquired or concealed from the scope of tax and other authorities by using methods that hide the final beneficiary’s identity. The money laundering process can occur in various ways, such as complex, intertwined privacy judgments and/or clever use of a network of tax havens, manipulating the concept of legal entities, and legal regulations to make upfront companies hence leading to tax evasion.
The Institute has organized a webinar on understanding tax evasion and tax avoidance to demonstrate the link between tax evasion and money laundering. The webinar will cover the following topical areas;
Difference between tax evasion and tax avoidance
Establishing the link between money laundering and tax evasion
Tax loopholes and tax Shields
Tax Fraud practices
International Tax Evasion
How to avoid tax evasion charges
Penalties for tax evasion
CONTINUOUS PROFESSIONAL DEVELOPMENT UNITS (CPD UNITS):
Members of ICPAK and reciprocating professional bodies will be awarded 2 Structured CPD Units upon successfully completion of the Webinar.
FINANCIAL COMMITMENT:
The Webinar charges are Kshs. 1,000. Charges will cater for online video access fees, learning materials, and e-certificates of attendance
ONLINE BOOKING:
Registration: Delegates are reminded to note that online booking for webinar is mandatory on https://www.icpak.com/event-registration/Online Booking
We call on Seminar participants to note that booking for is available only online at www.icpak.com/events and will close two hours before the training session. Delegates are reminded to note that online booking for training sessions is mandatory.
NATIONAL INDUSTRIAL TRAINING AUTHORITY (NITA) REIMBURSEMENT:
The Institute is registered as a trainer with National Industrial Training Authority. The Institute’s registration number is DIT/TRN/47. Participants who are registered levy contributors should apply to NITA for reimbursement of their fees. Please note that this is applicable for Kenyan citizens only and subject to NITA regulations. Remember that to qualify you should apply to NITA for approval prior to the date of the conference. Further details can be obtained from their website (www.nita.go.ke)
Further requests can be channeled to us via telephone calls on +254 719 074 000, (+254) 733 856262 or via email to onlinelearning@icpak.com.
We encourage members to regularly visit our website https://www.icpak.com for updates.
