Tax Matters - June 2014

We welcome you to a special edition of Tax Matters where we speak about taxes that affect the country as a whole.

With a budget of 1.8 trillion the Kenyan tax legislation has an array of tax incentives that are meant to attract investments and this is discussed by Obed Nyambego in his article on why the government should Assess effectiveness of investment deduction as a tax incentive designed to encourage a particular economic activity.

Meanwhile in developing countries as well as developed ones there has been an increasing shift from an income-based tax system to a consumption-based tax system. The shift takes a number of tax reforms and there is a lot of advocacy to increase the value added taxation (VAT), Apollo Karumba talks about this in his article on the Shift from income to consumption tax and its effects to Multinational Companies