Kenya withholds backing for US push global minimum tax

white house, kenya-us relations, kenya-us trade deal


Business Daily | by Brian Ngugi


Kenya withheld backing for US President Joe Biden administration’s push for a global minimum rate of tax on multinational companies because the deal will stop Nairobi from collecting taxes from tech giants such as Google, Facebook and Amazon.

The Paris-based Organisation for Economic Cooperation and Development (OECD), which hosted the…

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