The new measures will also raid income from registered home ownership savings plans, bonus and overtime. The association wants its members be allowed to close business at 9pm like other businesses, instead of 4pm. In a separate memorandum to Parliament, a pensioner's lobby group says the removal of the pension tax exemption for retirees above 65 will make them receive significantly lower payments. UNPOPULAR MEASURESThe proposal to tax retirees is one of the most unpopular measures unveiled by Yatani. In the past, companies that made losses were spared the burden of paying corporate income taxes.

Source: Daily Nation June 16, 2020 06:08 UTC