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Kenya Scraps Most Tax Hikes From Controversial Bill

Posted on AllSides June 18th, 2024
From The Center

Kenya's government on Tuesday walked back plans to impose multiple tax hikes, the presidency said, announcing amendments to a controversial bill that sparked angry protests. Hundreds of mostly young demonstrators assembled near parliament on Tuesday, with police firing tear gas and making arrests, according to AFP journalists. Hours later, the presidency announced that it would scrap many of the bill's most contentious provisions, including taxes on bread and car ownership. "The Finance Bill has been amended to remove the proposed 16 per cent VAT on bread, transportation of sugar, financial...

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https://barrons.com/news/kenya-scraps-most-tax-hikes-from-controversial-bill-presidency-b8688ccb

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