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The government has been advised to devise new ways to expand the tax base and reduce wastage in the 2024/2025 financial year budget to reduce borrowing and improve the business environment. According to accounting firm Ernst and Young, strict tax compliance measures and the large tax burden borne by a few sectors of the economy are to blame for the kenya revenue authority’s failure to meet its revenue targets.
Government advised to devise new strategies, reduce wastage in the 2024/2025 financial year budget
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