Business Daily | by Constant Munda
Kenya plans to double tax on foreign tech giants like Amazon, Netflix, Twitter and PayPal which use the internet to market and sell products, a signal that Nairobi is hardening its stance against the US-backed global minimum rate on multinationals.
The Treasury has proposed to increase digital tax service (DST) to three percent of the gross value of online transactions in the financial year starting July from the current 1.5 percent through the Finance Bill 2022…
