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Tax on medical products hurting the poor, pharmas and entrepreneurs
A specialist attends to a patient undergoing dialysis. New tax has made cost of such services high. FILE
In less than two months the Treasury secretary will table the 2014/2015 Budget to the nation. Last year’s Budget is notable for the introduction of tax on basic consumer goods and on previously exempt medical products.
For the ailing health industry the reintroduction of tax is not only eroding gains made by the previous tax-exemption, but also leading to higher cost of productivity and service, which ultimately affects the poor.
