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Kenya scraps most new tax hikes amid protest clashes

by News Desk
June 19, 2024
in Business
Kenya scraps most new tax hikes amid protest clashes

Nairobi: Kenya’s government on Tuesday scrapped plans to introduce several tax hikes, reversing a controversial law that sparked protests in which hundreds of protesters were arrested.
East Africa’s economic powerhouse has been struggling with a cost-of-living crisis, and critics have warned that the bill, which will be debated this week and passed before June 30, will make the charges worse.
Hundreds of mostly young protesters gathered near the Assembly on Tuesday and police fired tear gas, according to AFP reporters. The KNHCR Human Rights Commission said 335 people were arrested.
A few hours later, the president announced that he would repeal some of the bill’s most controversial provisions, including the bread and car ownership tax.
“The Finance Bill has been amended to eliminate the proposed 16 percent tax on bread, sugar transportation, financial services, currency transactions, as well as the 2.5 percent car tax,” the president said in a statement.
“Furthermore, there will be no increase in mobile money transfer fees and excise duty on vegetable oil has also been removed,” he said.
The cash-strapped government has maintained a forecast of 346.7 billion shillings ($2.7 billion), equivalent to 1.9 percent of GDP, as a necessary measure to reduce dependence on external debt.
Lawmakers were due to debate the bill on Tuesday evening, but the president postponed the debate until Wednesday before announcing the changes following recommendations from a parliamentary committee.

Tags: Human Rights CommissionHuman Rights Commission of Pakistan (HRCP)ISLAMABADKenya scrapsKenya's governmentKNHCRPAKISTANpublic purveiw
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    25 years of Bebo: Bollywood’s ultimate performer

    Iqra Aziz

    Iqra Aziz steals spotlight in no-makeup look

    Deepika Padukone and Ranveer Singh welcome baby girl

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    'Kyunki Saas Bhi Kabhi Bahu Thi' actor Vikas Sethi dies

    ‘Kyunki Saas Bhi Kabhi Bahu Thi’ actor Vikas Sethi dies

    Anees Bazmee confirms Bhool Bhulaiyaa 3 release date

    Anees Bazmee confirms Bhool Bhulaiyaa 3 release date

    Popular Indian tv actress Shweta Tiwari has once again mesmerized her lovers along with her present day photoshoot, wherein she looks breathtakingly lovely in a saree.

    Shweta Tiwari Stuns Fans with Gorgeous Saree Look

    Hania Amir

    Hania Amir demands Legal Action Over Fake AI video

    Sumbal Iqbal

    Sumbal Iqbal’s Beach Pictures Stuns Everyone!

  • Tech
    TECNO

    TECNO Launches PHANTOM V Fold2 & Flip2 5G – Innovation Redefined

    Pakistan Ranks Among Top Countries in Global Cybersecurity

    Pakistan Ranks Among Top Countries in Global Cybersecurity Index 2024

    Apple AI

    Apple AI expected to star as new iPhones are unveiled

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    WhatsApp soon allow to message any APP

    YAMAHA

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    AI getting smarter by rereading questions

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