Make tax predictability a budgeting priority to spur growth, business leaders urge

Kenya Association of Manufacturers (KAM) CEO Phyllis Wakiaga (left) and Tax Expert Phillip Muema listening to Strathmore University Don, Dr. James McFie (centre) at the first Tax Predictability Forum held at the Strathmore Business School

Business leaders have urged policy makers to embrace a predictable tax regime in national budgeting, enabling the business community to make sustainable plans to fuel Kenya’s economy in future.

A cross-section of stakeholders representing various sectors petitioned policy makers to consider international best practices in countries with fiscal policies that support sustainable long-term growth or risk losing local and foreign direct investments and, in turn, jobs.