Kenyan Government Urged To Lower Taxes
by Robert Lee, Tax-News.com, London
18 December 2001
Speaking at a press conference on Sunday, the Chairman of the Kenya National Chamber of Commerce and Industry (KNCCI) urged the government to reduce taxes on Kenyan manufactured industrial products in order to attract foreign investment.
David Githere pointed out that as a result of punitively high taxes for businesses located in the country, not only were foreign investors being scared off, but domestic businesses and investors were relocating to other African countries with more favourable tax regimes, such as Uganda and Tanzania.
'We appeal to the government to even apply zero taxation in some areas if they really want the Kenyan economy to improve through investment,' journalists were told at the weekend.
To see today's news, click here.
Tax-News Reviews
A review and forecast of Cyprus's international business, legal and investment climate.
A review and forecast of Malta's international business, legal and investment climate.
A review and forecast of Jersey's international business, legal and investment climate.
A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
