These concerns were raised at the American Chamber of Commerce (AmCham) meeting in Nairobi, where President William Ruto was among the prominent speakers.
Kenya is exploring tax breaks to entice reluctant Western investors. Nairobi threw out the red carpet for US investors this week, despite the US administration complaining that corruption and a lack of transparency in tax policy inhibited investment in Kenya.
He also announced the government’s intention to repeal a 1.5 percent fee on digital services in exchange for the disputed global framework suggested by the Organization for Economic Cooperation and Development (OECD) on taxing multinational corporations, which includes a minimum rate of 15%.
