This week marks a defining moment for the ruling Kenya Kwanza administration as MPs wrap up the heated debate on the Finance Bill 2024. At the heart of the debate are critical tax proposals that could either significantly impact the country's economy or burden the ordinary citizens. Some other critics have argued that the proposed tax measures could disproportionately affect low-income households and small businesses. The bill passed to the second reading with 204 MPs voting to approve it against 115 who rejected it. If the MPs vote to approve, it will then be transmitted to the president for assent.
