Kenyan budget focused on revenue rise, not the poor – experts

Analysts at Ernst & Young (EY) have said the latest budget was more focused on increasing revenue generation rather than reducing the tax burden on the ordinary Kenyans.

Amongst the measures set to raise revenue is the Robin Hood tax levied on high value money transfer at a rate of 0.05 per cent, and increased excise duty of 12 per cent (previous 10 per cent) on mobile to mobile phone payments.

Full article: Business Daily

 

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