THE STANDARD – Lobby wants rich, ICT firms taxed more

(PHOTO CREDITS: Courtesy THE STANDARD)

Lobby groups have played down the recent new tax measures unveiled by Treasury, saying it was unlikely to grow government revenue.According to the Institute of Public Finance Kenya and the East African Tax and Governance Network (EATGN), the new Income Tax Bill might be unveiled by Cabinet Secretary Henry Rotich sticks to old models of raising revenues that only tend to protect the rich, but are punitive to the poor and small businesses.The tax lobbies reckoned that Treasury should give poor Kenyans and small and medium enterprises breathing room and instead tax the rich as well as exploring modalities of roping digital companies into the tax bracket.