Printer Friendly

Your wealth should match your tax - Uhuru.

President Uhuru Kenyatta has said everyone must pay taxes in accordance with their wealth.

"High net worth persons whose lifestyles are not reflective of the taxes that they pay must be compelled to demonstrate the source of their wealth and to contribute their share of taxes accordingly," Uhuru said.

The President on Thursday maintained super-rich should be forced to disclose their sources of wealth so that they can be taxed appropriately.

The President said targeting the super rich would widen KRA's tax net by widening the current tax base.

He said despite an impressive GDP growth over the years, the country's tax base was significantly low, with growth pegged on a few citizens who end up bearing the brunt of the tax burden.

'As a consequence, we have in the recent past taken steps to widen the tax base and seek the implementation of more broad-based taxes as a means of bringing more Kenyans into the tax net,' Uhuru said.

COPYRIGHT 2019 Knowledge Bylanes
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2019 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Star (Nairobi, Kenya)
Date:Apr 4, 2019
Previous Article:Pass Sh10b fund for historical injustices - Uhuru tells MPs.
Next Article:Tame graft, deal with Big 4 later, KOT urge Uhuru.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters