If we add to that a significant simplification of our existing tax system who knows what it would lead us to except in the right direction. Kenya hasn’t changed its direct taxes since 2005 and so this may be a good time to do so! Moving to financing government by way of a banking credit transaction tax may work in India but is likely to leave us considerably short in Kenya. So on the flip side of the coin may be the Arthakranthi proposal could work in Kenya with some tweaking. The third proposal is that high value currency denominations to be withdrawn and the fourth is to ensure that cash transactions do not attract any transaction tax.

Source: Standard Digital June 06, 2016 19:41 UTC