Tax, previously relegated to the background as simply another cost of doing business, is high on the agenda of CEOs and boards of multinational enterprises (MNEs)—and small and medium enterprises (SMEs) in global trade and international business.
Paradoxically, at a time when countries in East Africa are using tax and investment incentives to attract foreign direct investments and to stay competitive with other regions offering similar incentives, the veritable magnitude of changes in tax policies and laws made in recent years necessitates that directors and senior executives of MNEs—and the preponderance of SMEs—give due consideration to tax issues.
