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Proposed insurance industry taxes deepen woes for firms

Medical bill and health insurance form with calculator

Last week, National Treasury Cabinet Secretary Henry Rotich made some of the most radical and far-reaching changes in the insurance industry.

While undertaking “Robin Hood” tax measures - where money from wealthy corporations and individuals is collected in form of levies and directed towards the poor - is a common thing in liberal economies, the CS, by raiding the pockets of insurers pulled a fast one on industry players.

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