Why Uhuru Kenyatta rejected Biden’s global tax plan

President Joe Biden. PHOTO | AFP

What you need to know:

  • The Paris-based Organisation for Economic Cooperation and Development (OECD), which hosted the talks on the overhaul of taxation rules, revealed five days ago that Kenya was missing from the list of 136 countries that have backed the agreement.
  • Wednesday, the KRA confirmed that Kenya was uncomfortable with clauses in the agreement that will force it to drop the digital services tax of 1.5 percent of sales.