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Cofek opposes VAT Bill

12 June 2013, 18:09

Nairobi - Consumers have opposed the re-introduction of a Bill by Parliament whose enactment will see the cost of bread, maize flour and other basic commodities increase by 16 per cent, Daily Nation reports.

The Consumers Federation of Kenya (Cofek) said the controversial bill which proposes 16 per cent Value-Added Tax on the commodities would not only make life unaffordable to majority of Kenyans but would kill the economy, increase insecurity and diseases.

Speaking on Wednesday, Cofek secretary general Stephen Mutoro said that the government will be faced with almost instant realities of low food production and mass food imports, which will deny the country a lot of revenue as well as strangle agriculture related industries that rely on locally produced raw materials.

For more visit Daily Nation

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