Newspapers

East Africa and Rhodesia Newspaper of February 10,1955, Issue No. 1583

Volume Ref: EAR_1955_M036816

  • There was a time when almost all socialists argued that Kenya should impose higher scales of income tax and company tax and some well known conservatives held the same view. Now many members on both sides of the house of commons agree that much more harm than good might result from such action and prominent labor leaders freely admit in private that direct taxation in Kenya is as high as it could safely be made in present circumstances. Those who direct large-scale capital investments must take serious account of the state of affairs in the colony before they invest big sums of money to any enterprise and whether the net return after payment of taxes will justify the risks to be run.