“The Finance Bill, 2023 wants to raise revenue through tax, but Kenyans are being crushed by the high cost of living,stagnant and limited income,” it stated. On specific proposals in the Bill, 94 percent of respondents indicated they completely do not support a plan to raiseValue Added Tax (VAT) on fuel products from 8 percent to 16 percent, as 2.2 percent said they slightly do not support the proposal. This was the proposal rejected by most Kenyans, among the respondents. Only 1.7 percent of the respondents indicated that they completely support the proposal. At least 92.4 percent of the respondents completely do not support the proposed 3 percent house levy (which was revised downwards to 1.5 percent by the National Assembly’s Finance committee), with only 3 percent of respondents indicating complete support. Also, 90 percent of the respondents completely do not support a proposal to raise the excise tax on mobile money transfer services from 12 per cent to 15 per cent, but 2.5 per cent said they completely support it. Eighty-one per cent of the respondents completely don’t support the planned raise of turnover tax to 3 percent, while 47.1 percent also said they completely don’t support a proposal to lower the Turnover Tax band from businesses with annual revenue of Sh1 million to Sh500,000, the survey stated. But interestingly, more than 38 percent of the respondents indicated support for the proposal to bring in small businesses (with daily revenues averaging Sh1,370) into the Turnover Tax band, where they will pay 3 per cent of revenues irrespective of whether they make profits, should the Bill pass. While not in the Finance Bill, 66 percent of the respondents also said they don’t support a plan to set a standard National Health Insurance Fund (NHIF) contributions at 2.7 percent of salary, on grounds of corruption at the fund that has seen hospitals continue to offer poor services despite citizens’ contributions to the Fund.

https://www.theafricareport.com/279263/kenya-ruto-burdens-kenyans-with-increased-taxes-to-deliver-on-promises/ 

https://twitter.com/AtwoliDza/status/1616367530595221505?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1616367530595221505%7Ctwgr%5E6d8f50b70b6bd8bfbc22f997471adb721ef5a20d%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.theafricareport.com%2F279263%2Fkenya-ruto-burdens-kenyans-with-increased-taxes-to-deliver-on-promises%2F

Popular posts from this blog

Undermining the Fight against Corruption: Cronyism and Nepotism in Kenya's New Administration

Image
  Undermining the Fight against Corruption: Cronyism and Nepotism in Kenya's New Administration Since the inauguration of the new administration, Kenya has witnessed a disheartening trend of rewarding loyalists with state jobs in influential positions and the questionable dismissal of corruption cases involving them. This article sheds light on the perceived loss of commitment to fighting corruption, as well as the detrimental impact of cronyism and nepotism on the nation. It emphasizes the need for renewed efforts to restore transparency, accountability, and the rule of law in Kenya. The Rise of Cronyism : The appointment of loyalists to key positions within the government raises concerns about the prevalence of cronyism. Instead of selecting individuals based on merit and qualifications, political affiliations and personal connections seem to be the determining factors. This practice undermines public trust, as it implies that loyalty to the administration is prioritized over...
Read more

Denial of Growth and Human Rights: The Kenyan Government's Taxation Policies

Image
In recent times, the Kenyan government has been implementing taxation policies that have raised concerns about the denial of growth, hindrance of human rights, and potential economic sabotage. This article delves into the adverse effects of increased taxing, such as housing and fuel taxes, on the people of Kenya. It highlights the impact on economic growth, the infringement on human rights, and the need for a more balanced and inclusive approach to taxation. Stifling Economic Growth: The introduction of new tax regimes, such as housing and fuel taxes, has put an undue burden on the Kenyan people and stifled economic growth. Higher taxes reduce disposable income, leading to reduced consumer spending and business investment. This, in turn, affects employment opportunities, hampers entrepreneurship, and discourages foreign investment. The government's short-sighted approach to revenue generation undermines the potential for economic growth and ...
Read more

How AI is revolutionizing Digital marketing, Personalization,Chat-bots, Automation and Predictive Analysis

Image
How AI is revolutionizing Digital marketing, Personalization,Chat-bots, Automation and Predictive Analysis AI is revolutionizing digital marketing in many ways, including personalization, Chabot’s, automation, and predictive analysis. Here are some of the ways AI is making an impact in these areas: Personalization : AI is helping to make digital marketing more personalized by using data to create targeted ads and content. By analyzing a user's behavior and preferences, AI can recommend products, services, and content that are more likely to be of interest to them. This not only improves the user's experience but also increases the chances of conversion. Chabots : AI-powered Chabots are becoming increasingly popular in digital marketing. These bots can provide instant customer service, answer frequently asked questions, and even handle transactions. Chabot’s can save businesses time and money by handling routine customer inter...
Read more