N
Originally published by Nation Businessbusiness
June 24, 2026
10h ago
How Gen Z protests derailed Ruto’s ambition to raise tax burden
In the current financial year, the government has steered clear of introducing major new taxes...
✨ Key Highlights
President William Ruto's ambition to significantly increase Kenya's tax burden was largely thwarted by widespread protests against the Finance Bill 2024. The bill, which aimed to raise taxes on goods like bread and financial services, faced violent public opposition, leading to its collapse.
- The protests, resulting in over 60 deaths according to rights groups, forced a shift in tax policy, impacting the tax-to-GDP ratio.
- Key individuals involved include President William Ruto and the Kenyan Parliament.
- The Finance Bill 2024 aimed to raise the tax-to-GDP ratio from 14% to 16% within the year and 20-22% by the end of his term.
Continue Reading
Read the complete article from Nation Business
Advertisement
Advertisement