IMF tax proposal on flour will hurt Kenyans more - News Summed Up

IMF tax proposal on flour will hurt Kenyans more


Man takes home a bundle of maize flour which was donated by Hope Foundation Patron Pastor Allan Owano during a relief food distribution exercise in Kisauni on April 30, 2020. But on the proposed 16 per cent value-added tax (VAT) on wheat flour, maize flour and cassava flour, they have spoken in one voice and their message is music to the ears of suffering Kenyans. This is because many Kenyans are living from hand to mouth due to the rise in the cost of living in the last few months. Prices of virtually all basic goods, including maize flour, wheat flour, milk and cooking fat have gone up by a huge margin. It is therefore distasteful for the International Monetary Fund to propose the introduction of VAT on wheat flour, maize flour and cassava flour.


Source: Standard Digital April 19, 2022 12:00 UTC



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