KAM Vice-Chair @MucaiKunyiha - We shelved our plans for the year, so we need to start thinking anew. Budget lacks some ambition. It seems we are yet to understand the impact of #COVID19KE in order to survive.
#BudgetKe2020
#KAMLive
KAM Vice-Chair @MucaiKunyiha - The manufacturing sector is looking for a level of coherence in the development policies. If we keep adding new taxes, we keep adding complexities in doing businesses, which hinders manufacturing competitiveness.
#BudgetKe2020
#KAMLive
We have hardly used the energy rebate program, but it has been pulled out. This inconsistency hinders investments, which makes the government lose credibility in the international market - KAM Vice-Chair @MucaiKunyiha
#BudgetKe2020
#KAMLive
The #BudgetKe2020 introduces more challenges, including minimum tax. Government is trying to introduce more taxes, which fail to make the industry more productive. We need to look at the additional value add to the economy - KAM Vice-Chair @MucaiKunyiha
#BudgetKe2020
#KAMLive
KAM Vice-Chair @MucaiKunyiha - At this time, when companies will be making losses, companies will still have to pay Minimum Tax. They are already struggling. This could kill a lot of businesses and jobs.
#BudgetKe2020
#KAMLive
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