My recording 8

The finance bill in Kenya aims to raise taxes on goods and services to generate more government revenue. It affects everyone, including the rich, poor, young, old, employed, unemployed, and future generations. The bill includes higher taxes on fuel, increased VAT on basic goods, and new levies on mobile money transactions. Some proposed taxes on financial services, bread, cars, vegetable oil, and sugar transportation have been dropped, but the intentions of the bill are already known to the public. Allow me first to explain to the few who might not know what the finance bill actually is. The bill, which is a component of Kenya's 2024-2025 budget, suggests raising taxes on range of goods and services in order to raise more money for the government. Now if you are sitting there thinking this will not affect you, you couldn't be more wrong. This affects all, the rich, poor, young, employed, unemployed, old and the generations to come. First, let's get a clear picture of what the 2024 financial bill entails. The bill proposes several changes, including higher taxes on fuel, increased VAT on basic goods and new levies on mobile money transactions. Now at the time of recording this video, some of the bills are dropped, but the damage is already done, as their intentions were clearly displayed to the public. These include the suggested taxes on financial services, bread, cars, vegetable oil and sugar transportation, since most of the information is publicly known as it came through the main changes proposed in the bill.