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Kenya scraps capital gains tax after broker backlash

Image Credit: Daily Nation

During his budget speech last week, Kenya’s Finance Minister, Henry Rotich, announced that the 5% Capital Gains Tax introduced at the beginning of 2015 is to be scrapped and replaced with a 0.3 withholding tax on the value of share transactions. The move follows objections made by stockbrokers in the country.

Read more at Bloomberg…

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