Business Daily | by Victor Juma
The Treasury plans to raise taxes of Kenya’s super-rich and high income earners as part of a broader strategy of raising revenues that have dropped substantially amid the economic fallout from the Covid-19 pandemic.
This marks a revival of efforts to make wealthy individuals pay higher tax rates that gained momentum in 2018 but was ultimately dropped.
The National Treasury says in a November paper titled Post Covid-19 Economic Recovery Strategy 2020-2022 that high-income households are among…
