@StandardMedia

Cofek expresses reservations over Treasury’s Sh3 trillion budget

6 months ago, 18 June 00:00

By: Josphat Thiong’o

Members of Parliament have been asked to reject taxes that punish consumers, including the new Value Added Tax on basic commodities and an amendment to remove bank interest rate caps.

Consumer Federation of Kenya (Cofek) criticised the decision to raise the cost of food. “The cost of living will go up considering the cost of kerosene and transport will rise.

“The rise in excise tax especially on M-Pesa can only mean a bleak future for the consumer,” said Cofek's Stephen Mutoro.

“It is wrong that Rotich bowed to pressure at the expense of consumers.”


Read More


Category: business news

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@StandardMedia

Cofek expresses reservations over Treasury’s Sh3 trillion budget

6 months ago, 18 June 00:00

By: Josphat Thiong’o

Members of Parliament have been asked to reject taxes that punish consumers, including the new Value Added Tax on basic commodities and an amendment to remove bank interest rate caps.

Consumer Federation of Kenya (Cofek) criticised the decision to raise the cost of food. “The cost of living will go up considering the cost of kerosene and transport will rise.

“The rise in excise tax especially on M-Pesa can only mean a bleak future for the consumer,” said Cofek's Stephen Mutoro.

“It is wrong that Rotich bowed to pressure at the expense of consumers.”


Read More

Category: business news

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1 day ago, 12:27
@CapitalFMNews - By: Agence France Pres ...
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Hastings, United Kingdom, Dec 15 - The conflict over Europe that has been tearing the Conservatives apart for three decades is as evident on the streets Kenya breaking news | Kenya news today | ...

Category: business
1 day ago, 09:49
@TheEastAfrican - By: Emmanuel Onyango
Tanzania taxman targets petty traders to raise revenue

TRA to collect $34.7 million in levies under new sysytem. ...

Category: topnews news business
1 day ago, 10:44
@BusinessDaily - By: Geoffrey Irungu
Bankers mull green bonds cash options

Current interest rate cap model is, however, seen as a major hindrance ...

Category: business news markets
1 day ago, 07:51
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Marginalised counties demand Sh28.3bn from Treasury

Kenya’s poorest counties have teamed up to demand the release of Sh28.3 billion that the National Treasury has withheld over the years ...

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ICPAK accuses govt of witch-hunt saying procurement and accounting officers have been denied access to their previous duties ...

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