I don't agree with it that is why I put a question mark (alama ya ulizo au duku duku).
That said, I believe Kenyans have been paying transaction tax on top of transaction fees for years. That 100bob you pay to send $1k actually includes some tax.
Whether this will push the economy back to cash economy remains to be seen...
I see Rose Njeri - the activist who built a webpage for Kenyans to reject this bill - has been released by court on cash bail. 💪💪💪💪💪
Sorry I picked this off a Riggy nonsense thread, but the Finance Bill 2025 has some good stuff:
✔Deductibles - SHA/SHIF, housing levy, pensioner contributions exempted.
✔Digital - 20% tax on Big Tech. About time but I wonder how Trump will react if he gets a whiff of this.
?M-Pesa, Eazzy, Airtel Money, Pesa-link, etc - 10%
✔Alcohol & betting ads - 15%
?Imported sugar - 5% - looks low not sure
✔VAT registration - MSME with <8m revenues p.a. exempted. Was 5m cap before.
Wewe ni mjinga wa kwanza hii duniani.
Was I born yesterday? I transact money several times in a month for years. Never have I paid 10% for a transaction. Transaction fees are paid, but not a tax. If I pay my electricity bill through mpesa, why should I pay 10% on top? The electricity is already taxed. The bank that charges me transaction fees pays taxes. Do not support KK regime blindly. This will push the economy back to cash economy.
Hujambo dada. Habari ya Ujerumani?
Welcome to the world... tax and death are certain. Transaction taxes are applied all over the world.
In Ruto's maiden SotN address in the joint parliament, he listed taxes as thus:
1) transactions
2) consumption
3) income
4) assets/wealth
He said Kenyan taxes were bottom-heavy i.e. the poor paid more. Tax decreases 1 towards 4. He said it should be the reverse - top-heavy - the rich should pay more on their wealth/assets.
That noble pledge has since poured through the reality cleft into the political morass.
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, which was my home base for over 20 years!! It's the small things I miss. Like that ocean smell and watching buskers on Venice boardwalk. The Santa Monica pier. Cruising down the Pacific HWY shwuuuuuu from Malibu to Santa Barbara. Saturday nights on the Sunset strip.The fake L.A people with their Hollywood vibes who always smile at you but mean you no good. Greasy In-n-Out burgers and more. 