NewStats: 3,265,537 , 8,187,135 topics. Date: Sunday, 15 June 2025 at 04:21 PM 6z226r

The Kenyan ministry of finance is planning to bring back some of the taxes in the defunct controversial Finance Bill in a new attempt to widen tax net, raise more revenues and slash borrowings.

Kenyan lawmakers were forced to drop the bill after weeks of protests which led to the deaths of not less than 61 people.

The taxes that formed part of the Finance Bill 2024 and aimed to raise additional 344 billion shillings ($2.7 billion) in the current fiscal year were scrapped following the youth-led demonstrations.

President William Ruto was equally forced to sack his entire cabinet, including then-Treasury Secretary Njuguna Ndung’u and cut down on the cost of governance.

“Our team is already working on some of those proposals that were in the Finance Bill 2024, which we can now put together and take back to parliament, not as a Finance Bill, but as other proposals,” John Mbadi, the new treasury head, said Monday, according to a report by Bloomberg.

Mbadi said a public consultation will be done in order to avoid a repeat of what brought economic activities in the most advanced east African economy to a halt for weeks.

“We will do extensive public participation because we don’t want to be blamed again, to be accused of introducing things that are insensitive without considering the plight and concerns of Kenyans,” he said.

Some of the proposed taxes had included increasing levies on essentials such as bread and diapers.

The abandoned bill had been the second since Ruto came to power in 2022.

The Ruto-led government had first introduced a contentious housing tax, doubled value-added tax on fuel and hiked the rate for the top salary-tax band to 35 percent.

Ruto’s istration has been under pressure to shore up tax collection and slash borrowing under a $3.6 billion funding program agreed with the International Monetary Fund to address Kenya’s debt vulnerabilities.

At about 70 percent of gross domestic product, its debt is considered at high risk of distress.

The Treasury had to revise its budget to accommodate the drop in expected revenue after it abandoned the new proposals, thereby widening its fiscal deficit to 4.2 percent of gross domestic product from an initial 3.3 percent.



“It would be wrong and an insult to the people of Kenya to reintroduce the finance bill,” Mbadi said. “But there are provisions in that bill that would have helped the country to grow.”

Measures under consideration include extending a tax amnesty and plugging leakages through “fictitious” value-added tax refunds, Mbadi said.

About 65 percent of the Kenya’s 525 billion shillings of tax expenditure was in refunds, he said. Some critical commodities that have a direct impact on the cost of living will be tax-exempt, rather than zero-rated, Mbadi said.

Zero-rated goods are not taxed at the point of sale but producers can claim VAT on inputs, while makers of exempt goods can’t demand such refunds.

https://businessday.ng/news/article/kenya-set-to-revive-some-tax-measures-in-the-scrapped-finance-bill/

It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist ed by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

Jagaban come and learn

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist ed by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

Some of the proposed taxes had included increasing levies on essentials such as bread and diapers.

America thrive on Taxes, that is why it is the best country in the world....

Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.
Article 1 : for emphasis sake!

A U.S. resident's income is generally subject to tax in the same manner as a U.S. citizen.
If you are a U.S. resident, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U.S. tax return.
You must report these amounts whether they are earned within or outside the United States.

Make we carry una reach there......
(ka gbeyin debe).....

U.S. residents are generally taxed in the same way as U.S. citizens.
This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return.
Income of residents is subject to the graduated tax rates that apply to U.S. citizens

If you want to know how paying taxes later come to help their citizens,
here we go....

Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.

How much does USA tax its citizens?
Here we go again...

The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Where do US taxes go?

The majority of this revenue is used to pay for government activities (employee salaries, infrastructure maintenance), as well as to pay for goods and services provided to United States citizens and businesses.
In FY 2023, the federal government spent $6.13 trillion.


We will summarize it all in our below post....

So far he carry the people of Kenya along and listen to the people like Tinubu, he will be fine

Hmmm!

So what was gained from the protests?

“It would be wrong and an insult to the people of Kenya to reintroduce the finance bill,
But there are provisions in that bill that would have helped the country to grow.”

Are taxes good for the economy?

Tax affects economic growth by reducing consumer spending and lowering incentives to invest.
But different fiscal policies have variable overall economic effects, with taxes on income better than those levied on corporate profits in of their wider impact on GDP.


The only problem with our own darling nation is that,
Are the government since 1960 make the good law abiding citizens of Nigeria benefits from the taxes they have been collecting?
And the 2nd and final question is,
How many Nigeria citizens actually pay taxes?

Food for thought.

We Rise ✔️

e no concern d Number1 chief tax collector of Nigeria

.

NO nation in the world can prosper without Tax .... all those protesters are just wasting their life and time .

Govt needs money .

Lol got to love democracy 🤣. Return to monarchy brothers all hail the king 🤴.

Recommend reading below. Get a free copy from mises institute.

oneMalik:
NO nation in the world can prosper without Tax .... all those protesters are just wasting their life and time .

Govt needs money .

You've said it all.
Exactly our points above.

But the government using the taxes for the development of the nation is what really matters.
That is the koko!

In the words of Austin O'Malley: "Levying taxes is just like removing the wool of the sheep; it is well to stop when you get down to the skin!"
Too much tax burden on already impoverished people is like removing the wool with the skin of the sheep and inflicting pains

I always wonder why people believe protests and riot will change the economic fortunes of a country.
There's this economic lie that always precedes any riot or protest, it's the issue of reducing the cost of Governance.
President Ruto sacked all his entire cabinet,reduced the salary of his staff,but that didn't increase the revenue of Kenya.
Africa must accept it's a resource rich continent but cash poor continent.
The earlier we discard the narrative that we are a cash rich continent,and focus on how to make our resources work for us,the faster we will move out of poverty on the continent.
Our young people in Africa should stop all this economic protest but start focusing on how to industrialize Africa,we need a collaboration between countries in Africa to turn out fortunes.
Alh Dangote has shown the way by building the biggest Refinery in Africa,I hope other wealthy Africans will take a cue from him and focus on industrializing the continent,enough of these protest that will end up producing no results.
God bless Nigeria
God bless Africa

Tinubu has done more than that already

Looking at the now defunct finance bill that was shut down in Kenya, you will notice the bill was meant to raise a paltry sum of $2.7b. Despite this small amount the citizens resisted it.
Tinubu has raised over $8b dollars since the removal of subsidy in PMS and Electricity and yet nothing to show for it only increased spending to the legislature and judiciary while the common man is meant to wallow in abject poverty. Nigeria please shine your eyes and look beyond your geographical space.
Nigeria is made up of crazy people, majority of whom are sentimental.

Nairaland has been overrun by government paid influencers, it's a shame.look at the mess that they made out of this thread already.

The government must surely explore means of raising more revenue for carrying out its development activities.But it must implement tax measures that would be favourable to the masses and not place undue strain on their paying capacity.

Seems like all those protests are for nothing.

If we want an end to hunger and hardship in Nigeria, the solution is Peter Obi! He represents the hope of the common man. I believe he will not disappoint! If after 4 years the status quo remains, he will be booted out! Vote Peter Obi come 2027!

Throwback:
It cannot be escaped.

Protest or no protest, government must always raise funds to run the country.

I will only advise every government to focus on more taxing for the fat cats who cannot even stage a protest in the midst of the luxury they already enjoy. But not too much taxation that prevents their creation of jobs for the ever angry mob.

To run campaign as a populist ed by the youth, is not the same reality with taking hard decisions as a leader for the greater good.

running economy is different from building rail that dont generate enough.

MANNABBQGRIĹLS:
“It would be wrong and an insult to the people of Kenya to reintroduce the finance bill,
But there are provisions in that bill that would have helped the country to grow.”

Are taxes good for the economy?

Tax affects economic growth by reducing consumer spending and lowering incentives to invest.
But different fiscal policies have variable overall economic effects, with taxes on income better than those levied on corporate profits in of their wider impact on GDP.


The only problem with our own darling nation is that,
Are the government since 1960 make the good law abiding citizens of Nigeria benefits from the taxes they have been collecting?
And the 2nd and final question is,
How many Nigeria citizens actually pay taxes?

Food for thought.

We Rise ✔️

How much is Buhari rail generating?

post=131496332:
Some of the proposed taxes had included increasing levies on essentials such as bread and diapers.

America thrive on Taxes, that is why it is the best country in the world....
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.

A U.S. resident's income is generally subject to tax in the same manner as a U.S. citizen. If you are a U.S. resident, you must report all interest, dividends, wages, or other compensation for services, income from rental property or royalties, and other types of income on your U.S. tax return. You must report these amounts whether they are earned within or outside the United States.

Make we carry una reach there........

U.S. residents are generally taxed in the same way as U.S. citizens.
This means that their worldwide income is subject to U.S. tax and must be reported on their U.S. tax return.
Income of residents is subject to the graduated tax rates that apply to U.S. citizens

If you want to know how paying taxes later come to help tmits citizens, here we go....

Taxes also fund programs and services that benefit only certain citizens, such as health, welfare, and social services; job training; schools; and parks.
Article 1 of the United States Constitution grants the U.S. government the power to establish and collect taxes.

How much does USA tax its citizens?
Here we go again...

The federal income tax rates remain unchanged for the 2024 tax year at 10%, 12%, 22%, 24%, 32%, 35% and 37%.

Where do US taxes go?

The majority of this revenue is used to pay for government activities (employee salaries, infrastructure maintenance), as well as to pay for goods and services provided to United States citizens and businesses.
In FY 2023, the federal government spent $6.13 trillion.


We will summarize it all in our below post....

In our land, we don't see benefit of tax, we dig bore hole by our selves for water, we buy solar and generator for electricity, we pay private security in our estates, we don't have proper health insurance, our roads are bad shape, we don't have sporting facilities. The US takes tax and provide for her citizens.
In our own, politicians will swallow it. They swallow money borrowed, swallow everything. Subsidy has been removed, the money used for subsidy, what has it done for us now ?
Nigerians provide the essentials by them selves which is bad. Govt has no value here. If U have heart issue and need emergency health care in 1 hour, U will die in Nigeria because U can't get one within that time range.
It robbers come to Ur house, no emergency number to call. U are finished. Absolutely we live in a useless society. Govt live large and their gf and bf enjoy massively

God will help Kenya and the kenyans.... To me his like this kenyans leaders are still much better than Nigeria leaders. Tax is very important as well as ability is also essential to any growth of the nation.

CodeTemplar:
running economy is different from building rail that dont generate enough.

CodeTemplar:
How much is Buhari rail generating?

How much do the roads all over the country generate for the government?

Yet they are still built with money because the transportation of commuters and goods is a necessity of itself.

Ikaeniyan0:
So far he carry the people of Kenya along and listen to the people like Tinubu, he will be fine

Wow!!!
Amazing bullllllshiiiit!