Survey: New taxes keeping investors away from counties

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.