Taxation is the main way in which governments obtain funds to spend on development projects, pay public debt and save for emergencies. Every leader once he or she assumes office must ensure that the government gets sufficient funding from taxes without causing suffering to her people.
When Covid-19 struck ,countries across the world opted to lower tax rates as a way of ensuring that her citizens are able to acquire basic needs at an affordable price.It is worth noting that the tax rates imposed by every regime determine the prices at which basic items are sold. Tanzanian President is the latest to lower tax rates.
President Samia Suluhu
In a move aimed at simplifying life for Tanzanians, President Samia Suluhu has lowered tax rates by 1% from the initial 9%. This news was recieved by Kenyans with majority expressing their displeasure with the rate at which they are being heavily taxed .They hailed Samia Suluhu while wishing that President Uhuru Kenyatta copies his Tanzanian colleague. Here are some of their comments to a post by Tuko News platform.
Uhuru Kenyatta and Samia Suluhu
The Kenya Revenue Authority was recently on spot for introducing more taxes which include minimum taxes .According to this minimum taxation,every business person is required to pay taxes regardless of whether he makes profit or not. This move was however suspended by court.
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