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Kenya loses Sh478 billion on tax holidays

Kenya loses close to half a trillion shillings annually from tax holidays

Kenya loses close to half a trillion shillings annually from tax holidays that have barely spurred investment and jobs, a new report by the Kenya Revenue Authority has shown.

The foregone revenue of Sh478 billion has increased almost five-fold from Sh100 billion in 2012, according to the report dubbed, Economic Impact and Cost-benefit Analysis of Tax Expenditures in Kenya.

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