Kenyan Government Faces Massive Revenue Shortfall Despite Increased Taxes and Citizen Frustration on Nostr: Kenyan E-Commerce Stakeholders Express Concerns Over Introduction of New Tax in ...
Kenyan E-Commerce Stakeholders Express Concerns Over Introduction of New Tax in Finance Bill 2024
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#fdc7bb54 ver:0.23
Kenyan stakeholders express concerns over new tax proposals in the Finance Bill 2024, warning of negative impacts on businesses and the poor. The bill includes increased taxation and new taxes on basic commodities, motor vehicles, financial transactions, and import declarations. Critics argue for lower taxes to encourage economic activities and investment, while also addressing the public debt crisis. The proposed tax code is seen as counterproductive to economic growth and prosperity. Concerns are raised about the impact on different sectors of the economy, including SMEs, youth, and women entrepreneurs. Kenyans on social media express frustration with the rising cost of living and the burden of taxation. A recent poll shows widespread disapproval of the proposed tax changes. E-commerce stakeholders warn of the impact of a new tax on digital marketplaces. Public hearings are being held on the Finance Bill, with experts and stakeholders invited to share insights. The tax-raising measures are unlikely to be changed, as the government aims to increase the tax-to-GDP ratio. The Finance Bill is part of the government's plan to raise funds for the budget....
#newstr #Kenya #Ecommerce #Tax #FinanceBill2024 #Brightermonday #Bolt #Uber
https://here.news/story/fdc7bb54?ver=0.23
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#fdc7bb54 ver:0.23
Kenyan stakeholders express concerns over new tax proposals in the Finance Bill 2024, warning of negative impacts on businesses and the poor. The bill includes increased taxation and new taxes on basic commodities, motor vehicles, financial transactions, and import declarations. Critics argue for lower taxes to encourage economic activities and investment, while also addressing the public debt crisis. The proposed tax code is seen as counterproductive to economic growth and prosperity. Concerns are raised about the impact on different sectors of the economy, including SMEs, youth, and women entrepreneurs. Kenyans on social media express frustration with the rising cost of living and the burden of taxation. A recent poll shows widespread disapproval of the proposed tax changes. E-commerce stakeholders warn of the impact of a new tax on digital marketplaces. Public hearings are being held on the Finance Bill, with experts and stakeholders invited to share insights. The tax-raising measures are unlikely to be changed, as the government aims to increase the tax-to-GDP ratio. The Finance Bill is part of the government's plan to raise funds for the budget....
#newstr #Kenya #Ecommerce #Tax #FinanceBill2024 #Brightermonday #Bolt #Uber
https://here.news/story/fdc7bb54?ver=0.23