- Azimio wants to revert to the Covid-era VAT rate of eight percent on fuel
- Government raised the rate of VAT on fuel to 16 percent as part of the IMF deal
- Cost of living is a global problem caused by the invasion of Ukraine and soaring prices of fuel and foodstuffs
- Azimio proposes to restore the cut of VAT on fuel to eight percent, which will only reduce the price of fuel by around Sh10 per litre
- Government has scrapped virtually all subsidies as part of the deal with the IMF and to repay the $2 billion Eurobond
- Subsidies are addictive and dangerous, and governments should avoid all giveaways
- Kenya should raise the standard rate of VAT to 18 percent in line with Uganda and Tanzania.
Source: the-star.co.ke
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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