# Global business calls for tax and regulatory reform > Live situation record from CLSTR: https://clstr.news/situations/global-business-calls-for-tax-and-regulatory-reform > Updated: 2026-10-20T14:55:18.000Z. Sources: 8. Developments: 2. Business leaders in the United Kingdom and Kenya are advocating for fiscal and regulatory changes to stimulate economic growth. In the United Kingdom, a survey of approximately 400 business leaders conducted by Azets suggests that tax complexity acts as a barrier to growth. While 47% of respondents prioritized addressing high corporation tax rates, 54% indicated that simplifying the tax system should be a primary government priority. Data from HMRC indicates that compliant UK businesses spend roughly £15.4 billion annually to meet approximately 2,500 obligations. In Kenya, private sector leaders are demanding tax cuts and lower interest rates. The Kenya Bankers Association has proposed a five-percentage-point reduction in Pay As You Earn (PAYE) tax to increase disposable income and consumer spending. Additionally, a Central Bank of Kenya survey of 600 CEOs highlighted demands for lower license fees, simplified regulatory requirements, and more affordable credit, noting that 26.7% of respondents find accessing bank loans difficult due to collateral and approval processes. ## Timeline ### 2026-10-20: Kenya business leaders demand tax cuts and lower interest rates Kenya's business leaders and the Kenya Bankers Association are calling for universal PAYE tax cuts, lower interest rates, and reduced regulatory burdens to stimulate consumer spending and business growth. 2 sources. https://clstr.news/cluster/kenya-business-leaders-demand-tax-cuts-and-lower-interest-rates ### 2026-10-08: UK business leaders call for simpler tax system to drive growth A survey of 400 UK business leaders suggests that tax complexity, rather than just high rates, is a major obstacle to growth, with 54% calling for a simpler tax system. 6 sources. https://clstr.news/cluster/gdprd-board-member-discusses-ai-and-data-in-agrifood-systems --- Cite as: Global business calls for tax and regulatory reform. CLSTR, https://clstr.news/situations/global-business-calls-for-tax-and-regulatory-reform