Sh100 billion tax proposal targets Kenya's super-rich

NTA proposes progressive wealth tax on 6,800 high-net-worth individuals to boost local revenue and curb inequality...

✨ Key Highlights

The National Taxpayers Association (NTA) is pushing for a new ‘net worth tax’ on Kenya's super-rich to generate over Sh100 billion in domestic revenue. This proposal, detailed in their report titled The Potential and Justification for Taxing Wealth in Kenya, aims to reduce reliance on national debt.

Proposed new tax: ‘net worth tax’ targeting Kenya's wealthiest individuals.
Organization behind the proposal: National Taxpayers Association (NTA).
Estimated revenue generation: Over Sh100 billion.
Purpose: To mobilize resources domestically and decrease dependence on borrowing.
Relevant document: The Potential and Justification for Taxing Wealth in Kenya report.

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