Tax sounds death knell for wines and spirits business Kenneth Kwama
Publication details: Nairobi The Standard Group Tuesday, January 20 2009Description: p. 1 [Financial Journal], The Standard, January 20 2009Subject(s): Summary: A local wines and spirits manufacturer has issued a retrenchment notice to all its workers and is preparing to shut down. The adverse effects fueled by a frustrating tax regime has not spared the key players in the Sh.10 billion wines and spirits industry. The latest development is a damning vindication that the sub-sector could be headed for turbulent times. Sales volumes have declined by up to 80 per cent
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A local wines and spirits manufacturer has issued a retrenchment notice to all its workers and is preparing to shut down.
The adverse effects fueled by a frustrating tax regime has not spared the key players in the Sh.10 billion wines and spirits industry. The latest development is a damning vindication that the sub-sector could be headed for turbulent times.
Sales volumes have declined by up to 80 per cent
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