The Finance Bill commonly covers different facets of a nation's financial strategies, such as taxation, government spending, borrowing, and other financial issues. The effects on young people could be substantial, contingent upon the particular provisions incorporated.
However, the president has been in public domain stressing on reducing cost of living that has been a nightmare to people living in Kenya. this has brought mixed reaction among the youths across the country.
Click to read 👉THE GEN Z
Having proceeded to the second reading, that is finance bill, youths have demonstrated along the streets mostly in Nairobi against the finance bill costing lives of some youths.
Commodities that were zero rate are going to be taxed according to the finance bill 2024 and this will raise the cost of living. In a nutshell, The proposed modifications entail the elimination of tax exemptions for a number of financial services, including the issuance of debit and credit cards, money transfers, and check processing. Additionally, they recommend that starting on July 1, 2024, firms submit computerized tax invoices."A 35-year-old employee in the cosmetics sector named Terry Mueni confides in her limited sales.
We depend on commission, and on sometimes, poor sales leave us with hardly Sh250. Increasing product taxes will only make the situation worse."
During the protest, the police officers armed themselves with guns and teargas canisters and water canons that they are using during the protest to disperse the peaceful protesting youths.
Comments
Post a Comment
thank you for visiting this site . Hope for more posts