Business associations say new tax will overburden businesses

  • | KBC Video
    Eight Business Associations representing the business community in Kenya are calling for the abolishment of the 1 percent minimum tax set to take effect in January next year. The business associations, comprising Kenya Association of Manufacturers, Law Society of Kenya, ICPAK, Association of Kenya Suppliers, Retail Trade Association of Kenya, Association of Air Operators, Association of Kenya Insurers and Kenya Tourism Federation, say the new tax will overburden businesses, increase costs, deter startups and constrain cash flows. Connect with KBC Online; Subscribe to our channel: https://t.ly/86BKN Follow us on Twitter: https://twitter.com/KBCChannel1 Find us on Facebook: https://www.facebook.com/kbcchannel1news Check our website: https://www.kbc.co.ke/ #KBCchannel1 #KBCNewsHour #KBClive