The rejection of the Finance Bill 2024 by Kenya’s Gen Z was more than a protest. It was a clarion call for change. The events that unfolded in Nepal recently calls for even more urgent reflection on our tax laws.
Young Kenyans sent a powerful message that tinkering with tax rates on an excel sheet to balance revenue targets with projected expenditure without a well thought out and structured national tax policy is no longer acceptable. The country cannot continue to patch fiscal gaps by piling new taxes on a narrow group of already compliant taxpayers. Instead, Kenya must confront the deeper structural problem; a narrow tax base that excludes the majority of workers and enterprises.
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By George Mokua