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Chief executives of various industries have voiced their concerns about Finance Bill 2024 that has sparked anger, particularly among consumers and businesses.
The Kenya Association of Manufacturers (KAM) called the tax proposals in the Finance Bill "unreasonable" and "overburdening" to the taxpayers. KAM Chief Executive Anthony Mwangi warned that excise taxes on upstream production would stifle the manufacturing sector, which is the engine of job creation and export revenue.
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