Kanu party leader Gideon Moi has warned that the Finance Bill, 2024 will condemn more Kenyans into poverty if the tax proposals are not revised. “Therefore, the National Assembly Finance and Planning Committee must ensure that its final report reflects the opinions, concerns, and aspirations of Kenyans on the Bill,” he said. He said Kenyans' hope solely lies on the National Assembly to amend the Bill to alleviate the burden of over-taxation. He said the government’s approach to aggressively exact tax beyond the point of elasticity during an economic downturn will inevitably reduce the tax revenue. He said the government must embark on improving the ease of doing business, simplifying tax regimes, and combatting public-sector corruption.
