Govt told to forget tax incentives
09 July 2013, 13:52
Nairobi - The government has been urged to eliminate discretionary tax incentives as they have no monetary and investment value, by ActionAid International, Capital News reports .
In a statement, ActionAid International Head of Policy and Programs in Kenya Makena Mwobobia said that the country loses about KES 100 billion a year on these tax incentives, yet it ranked 17th behind a host of factors including exchange rates, utility and transport infrastructure that investors look at.
Mwobobia added that investors no longer look for tax incentives but rather want proper infrastructure, and thus need the money to fund the projects.
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