Kenyan Government Faces Massive Revenue Shortfall Despite Increased Taxes and Citizen Frustration on Nostr: Protests Erupt in Kenya Over Proposed Tax Hikes in Finance Bill =============== ...
Protests Erupt in Kenya Over Proposed Tax Hikes in Finance Bill
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#fdc7bb54 ver:0.26
Protests erupt in Kenya over proposed tax hikes in Finance Bill 2024, drawing criticism from various groups. The bill's increased taxation and new taxes are seen as punitive and detrimental to the economy. Kenyans call for lower taxes to encourage economic activity and investment. Concerns are raised about the impact on different sectors, including SMEs and e-commerce. Public sentiment reflects frustration with rising cost of living and burden of taxation. A recent poll shows widespread disapproval of the proposed tax changes. Protests turn violent, leading to arrests and criticism from human rights organizations. Meanwhile, Uganda unveils its budget with a focus on key sectors. Kenya's budget includes a deficit to be addressed through borrowing. Proposed tax measures include raising VAT threshold and introducing new taxes. Public hearings are being held, but changes are unlikely. The Finance Bill is part of the government's plan to raise funds for the budget. #Kenya #TaxHikes #Economy #Protests #Uganda...
#newstr #Kenya #Uganda #TaxHikes #FinanceBill #Protests
https://here.news/story/fdc7bb54?ver=0.26
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#fdc7bb54 ver:0.26
Protests erupt in Kenya over proposed tax hikes in Finance Bill 2024, drawing criticism from various groups. The bill's increased taxation and new taxes are seen as punitive and detrimental to the economy. Kenyans call for lower taxes to encourage economic activity and investment. Concerns are raised about the impact on different sectors, including SMEs and e-commerce. Public sentiment reflects frustration with rising cost of living and burden of taxation. A recent poll shows widespread disapproval of the proposed tax changes. Protests turn violent, leading to arrests and criticism from human rights organizations. Meanwhile, Uganda unveils its budget with a focus on key sectors. Kenya's budget includes a deficit to be addressed through borrowing. Proposed tax measures include raising VAT threshold and introducing new taxes. Public hearings are being held, but changes are unlikely. The Finance Bill is part of the government's plan to raise funds for the budget. #Kenya #TaxHikes #Economy #Protests #Uganda...
#newstr #Kenya #Uganda #TaxHikes #FinanceBill #Protests
https://here.news/story/fdc7bb54?ver=0.26