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IMF asks Kenya to broaden tax base ahead of December talks
IMF asks Kenya to broaden tax base ahead of December talks: The IMF has urged Kenya to widen its tax base, reduce exemptions and improve compliance instead of ...
standardmedia.co.ke/business/business/article/2001561322/imf-asks-kenya-to-broaden-tax-base-ahead-of-december-talks
New 2025 tax rules and DWP benefit changes coming in 2025
New 2025 tax rules and DWP benefit changes coming in 2025: There will be a host of new laws and rules that will affect everyone from workers to benefit claimants ...
stokesentinel.co.uk/news/uk-world-news/new-2025-tax-rules-dwp-9828236
Tinubu’s tax reform bills will reduce tax burden on many Nigerians – ...
Tinubu’s tax reform bills will reduce tax burden on many Nigerians – Presidency: The Tax Reforms Committee chairman, Taiwo Oyedele, said if the bills are passed ...
premiumtimesng.com/news/top-news/757374-tinubus-tax-reform-bills-will-reduce-tax-burden-on-many-nigerians-presidency.html
Government back to drawing board after KRA misses tax targets
Government back to drawing board after KRA misses tax targets: President William Ruto is facing pressure to reassess his administration’s revenue mobilisation ...
standardmedia.co.ke/business/business/article/2001506725/government-back-to-drawing-board-after-kra-misses-tax-targets
Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the ...
Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
cnn.com/2024/11/15/business/musk-tesla-trump-ev-tax-credit/
Mixed bag as Treasury's new tax plans go to the National Assembly
Mixed bag as Treasury's new tax plans go to the National Assembly: A plan by the government to raise Sh178 billion in revenue through amendment of various ...
standardmedia.co.ke/national/article/2001506471/mixed-bag-as-treasurys-new-tax-plans-go-to-the-national-assembly
Friction looms as IMF terms Kenya proposed higher taxes inadequate
Friction looms as IMF terms Kenya proposed higher taxes inadequate: Multi-lateral lender says proposed levies on phone calls, data and betting will raise Sh145 ...
nation.africa/kenya/business/friction-looms-as-imf-terms-kenya-proposed-higher-taxes-inadequate-4817748
Experts deliver harsh verdict to Ruto government on new taxes
Experts deliver harsh verdict to Ruto government on new taxes : Parliamentary Budget Office says the government should improve tax administration through better ...
nation.africa/kenya/business/experts-deliver-harsh-verdict-to-ruto-government-on-new-taxes--4810940
Irony of low inflation but empty pockets
Irony of low inflation but empty pockets: Kenya’s inflation rate dropped further to 2.7 per cent in October, even as the cost of living continues to skyrocket ...
standardmedia.co.ke/business/business/article/2001505649/inflation-eases-in-october-despite-complaints-of-increased-hardships
KRA to track mobile phones in new tax-compliance push
KRA to track mobile phones in new tax-compliance push: Government to compel all local device assemblers to upload the International Mobile Equipment Identity.
nation.africa/kenya/business/kra-to-track-mobile-phones-in-new-tax-compliance-push--4801248
Rachel Reeves has backed herself into a corner on the Budget
Rachel Reeves has backed herself into a corner on the Budget: As a championship chess player, Rachel Reeves must know that the first few moves can be some of the ...
spectator.co.uk/article/rachel-reeves-has-backed-herself-into-a-corner-on-the-budget/
Key FactsReeves Plans £40bn Tax Hikes and Cuts Ahead
Oct 16, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: bbc.com
  • Chancellor Rachel Reeves is planning to generate £40bn through tax hikes and spending cuts in the upcoming Budget.

  • During a political cabinet meeting, Reeves informed ministers of a £22bn deficit that would only sustain public services.

  • She warned of tough decisions regarding spending, welfare, and taxes to avoid real-term cuts.

  • Business leaders have expressed concerns about potential tax increases and their adverse effects on economic growth.
William Ruto hit by perfect economic storm
William Ruto hit by perfect economic storm: Kenya's economy is slowing down, KRA is struggling to meet its revenue targets, and the private sector is ...
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Coca-Cola to pay $6B tax bill after Tax Court ruling
Coca-Cola to pay $6B tax bill after Tax Court ruling: Beverage giant Coca-Cola said that it will pay the very old debt, but it is still appealing.
accountingtoday.com/news/coca-cola-to-pay-6b-tax-bill-after-tax-court-ruling
Kenya’s President Ruto fires almost entire cabinet after protests
Kenya’s President Ruto fires almost entire cabinet after protests: Kenyan President William Ruto has fired almost his entire cabinet after weeks of ...
cnn.com/2024/07/11/africa/kenyas-president-fires-entire-cabinet-intl/
More pain as Ruto promises to increase tax
More pain as Ruto promises to increase tax: President has said Kenya is lagging in taxing its citizens and pledged to increase levies ...
standardmedia.co.ke/politics/article/2001495224/more-pain-as-ruto-promises-to-increase-tax