Workers win big with less tax, cheaper food
By Admin - 2020-04-24 06:46:54 - [General]
The cost of bread, cooking gas, milk, fishing nets, medical products, fertilisers, mosquito nets and agricultural pest control products will not go up after parliament overturned proposals by the National Treasury that would have seen prices of a host of basic commodities attract taxes.
In a move that will see consumers get a major reprieve from additional taxes, legislators also stopped the Treasury from imposing taxes on animal products such as eggs as well as clean sources of energy like solar panels.
MPS also rejected a proposal to introduce taxes on imported spare parts for helicopters saying that will hurt the recovery of the tourism industry, which is hurting from the shutdowns.
The rejection will come as a major relief to consumers as they deal with the impact of Covid-19 on their pockets. It will, however, hurt the financial position of the National Treasury which was counting on these additional taxes to plug a deficit of about Sh172 billion in the budget.
Legislators said the executive should not use coronavirus to punish farmers and ordinary Kenyans through punitive taxes.
In coming up with the tax amendment bill, Treasury Secretary Ukur Yatani appeared to be giving from one hand and taking it back using the other.
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