The proposed tax reform would be transformative , generating an estimated KES 7 trillion - a stark contrast to the current total tax collections of roughly Kshs 2 trillion . Implementing a 16 % transaction tax could revolutionize Government revenue , unburden the tax-fatigued formal sector , and inclusively rope in all spending citizens into the tax bracket .
SPECIAL FEATURE
Radical Reform Of Kenya ’ s Tax Laws Needed To Stave Off Default
By Dr . Hosea Kili , OGW
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The proposed tax reform would be transformative , generating an estimated KES 7 trillion - a stark contrast to the current total tax collections of roughly Kshs 2 trillion . Implementing a 16 % transaction tax could revolutionize Government revenue , unburden the tax-fatigued formal sector , and inclusively rope in all spending citizens into the tax bracket .