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New taxes being imposed by counties are keeping investors from setting up new businesses in the devolved units. Potential local and foreign investors have expressed displeasure over a raft of taxes that have recently been pursued by majority of the 47 counties, saying it is a deterrent to new business set-ups.
“The 2014 Brand Kenya audit survey revealed discontent among potential investors over the new taxes and other charges that are being levied by counties,” said Chief Executive Officer Mary Kimonye.
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