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2024-06-13 09:05:08

Kenyan Government Faces Massive Revenue Shortfall Despite Increased Taxes and Citizen Frustration on Nostr: Kenya's Proposed Budget for 2024/25 Includes Controversial Tax Hikes =============== ...

Kenya's Proposed Budget for 2024/25 Includes Controversial Tax Hikes
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#fdc7bb54 ver:0.21

Kenya's proposed budget for 2024/25 includes controversial tax hikes that have drawn criticism from politicians, industry groups, and the public. The tax code is seen as counterproductive to economic growth and prosperity, punishing consumption of household essentials. Concerns have been raised about the impact on different sectors of the economy, including SMEs and youth entrepreneurs. Kenyans are calling for a tax code that is compassionate, empathetic, and supports the ingenuity and thrift of its citizens. A recent poll shows widespread disapproval of the proposed tax changes. The Finance Bill is part of the government's plan to raise funds for the budget. #Kenya #TaxHikes #Economy...

#newstr #Kenya #Budget #TaxHikes #FinanceBill #Economy

https://here.news/story/fdc7bb54?ver=0.21
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