If MPs vote in favour of Uhuru’s new tax proposals, the Government will be handed the carte blanche to raid Kenyans’ pockets further to whet growing appetite for cash.
The cost of living is likely to go up despite President Uhuru Kenyatta’s decision to reduce the punitive fuel tax by half.
Sending money via mobile money transfer service will be more expensive should MPs pass the sweeping tax proposals by the President.
It will also be painful withdrawing cash from an ATM, transferring money from your bank account into your mobile money wallet or just depositing a banker’s cheque for your child’s school fees after the Government proposed doubling taxes on all bank as well as mobile money transactions. Read more
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