A finance bill is usually presented to parliament before the start of a financial year that runs from July to June, laying out the government's fiscal plans. Read: Kenya Finance Bill: Why has it triggered protests? Read: MPs drop punitive taxes as protests rock NairobiThe bill had proposed increasing existing taxes on financial transactions. In a televised addressed, Ruto said on Wednesday he will not sign the finance bill to law. Read: Kenya braces for fresh protests despite Ruto tax climbdownMessages on social media, however, suggested people were divided on how far to go with the demonstrations.
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