Lowering Turnover tax band to 3% of 500K is death to Struggling Hasoras

[gout]

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While most opposition is in Housing Fund. This is the greatest blow to the struggling economy.
Most hustlers make sales above 1500 daily making them eligible. Margins for most retails items are less than 3%- so it will be skimming all the profits. Madness.

Other fatal blows to hasoras are the 8-16% tax rate increment on petroleum products and MPesa excise duty increment while dynasty banks get cuts.

[RV Pundit]

Agreed.Housing levy is OK. FUEL 8 PERCENT N turn over need review

[gout]

The increase of VAT on fuel seems like removal of subsidies for the rich car owners.

The trickle down effect fear mongering on the poor is a scapegoat for continued subsidizing the rich.

[RV Pundit]

Yes if diesel is not part of it - shouldnt affect the economy much.

The increase of VAT on fuel seems like removal of subsidies for the rich car owners.

The trickle down effect fear mongering on the poor is a scapegoat for continued subsidizing the rich.