-- Kenya’s Treasury wants to target infrastructure bond investors, motor vehicle owners and online marketplace operators, among others, with new tax measures to raise revenue and attain the lowest fiscal deficit in at least 15 years.Jim Simons, Code Breaker Who Mastered Investing, Dies at 86The measures were contained in a bill sent to Kenya’s national assembly and dated May 9. MPs have until the end of June to consider the proposals, which would come into effect between July and January 2025.
A so-called “eco levy” would be charged on manufacturers and importers of various goods, including diapers, rubber tires and electronics to “pay for the negative environmental impacts of the goods” they produce or ship into Kenya.Kenya also wants to target multinational companies with a levy dubbed “minimum top-up tax,” to be paid by firms whose combined effective tax rate is less than 15%.
Supreme Court Justice Brett Kavanaugh told an Austin judicial conference on Friday that his experience in the George W. Bush administration has made him more skeptical of presidential assertions of regulatory power.
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