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Super rich individuals & large corporations set to pay more taxes

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High income earners and large corporates are set to pay higher taxes  if the newly published income tax bill published by the national treasury is passed into law.
Big earners are set to pay a 35 percent top tax rate.
A move meant to increase income tax revenues to about 70 billion shillings in the 2018/2019 financial year and ramp up  tax avoidance in the country.
Tax experts however warn, if the bill is passed in to law, it will lead to increased costs of doing business in the country.

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