Hello there, welcome. In today’s video, I will be explaining to you why Kenya considers tax reforms to entice reluctant Western investors, after Washington complained that corruption and a lack of transparency in tax policy discouraged investment in the East African country. Have you ever wondered why many American investors do not invest in Africa? I will be explaining to you why Kenya is considering tax reform and what its benefit will be. Nairobi also threw out the red carpet for US investors this week even as the US government complained that corruption and lack of a transparent tax policy were discouraging interest in Kenya. These concerns were raised at an American Chamber of Commerce meeting in Nairobi, where President William Ruto was among the prominent speakers.The Kenyan Government is finalizing new tax policy guidelines that have gone through various stakeholder consultations, including inputs from AmCham. This policy that will enhance transparency in our tax regime will take effect by June and will be in place for at least three years, “President William Ruto said. Hello there and welcome, you are watching Africa Reloaded and I am James your host. Stick with me to find out how Kenya is considering tax reforms to entise African investors. Please take a few seconds to like this video and subscribe to our channel.
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