Activists protested the contentious tax reform proposals in Nairobi on June 13, 2024 A day after the bill was made public, a coordinated online campaign on X targeted local media outlets reporting on the financial burden Kenyans would face if the changes went ahead.
“No VAT on bread, motorcycles, condoms, sanitary pads, eggs, milk, animal feeds, pesticides, internet tax only for foreigners, betting, gaming, lottery and motor vehicle tax at 1% of value of car on various items, including gluten and unleavened bread, which are currently exempt but will incur a 16-percent tax if the bill passes.
Money transfer services like M-Pesa, which has over 30 million monthly users across Kenya, will also incur a hike in levies. This means subscribers will incur more costs. “There's a lot of misinformation about the taxes and the finance bill... driven by ignorance,” XN Iraki, an economics lecturer at the University of Nairobi, told AFP Fact Check.Politicians and political analysts allied with the government of William Ruto say the taxes will target the rich and the middle class while leaving lower-income groups untouched.
Source: News Formal (newsformal.com)
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: bleedingcool - 🏆 20. / 69 Read more »
Source: Utoday_en - 🏆 295. / 63 Read more »
Alabama Golf Signs 2024 Scottish Open Men's Champion: Roll Call, June 15, 2024The Alabama men's golf team added the 2024 Scottish Open Men's Champion out of the transfer portal. Head coach Jay Seawell announced on Friday that Dominic Clem
Source: SInow - 🏆 273. / 63 Read more »
Source: FOXSports - 🏆 280. / 63 Read more »
Source: FOXSports - 🏆 280. / 63 Read more »
Alabama Softball Seniors Reflect on 2024 Season: Roll Call, June 3, 2024Your daily briefing on what's going on with Alabama Athletics, including full TV listings.
Source: SInow - 🏆 273. / 63 Read more »