The Question Of Taxation And Accountability Of Taxpayer Money Should Be Addressed With Zero Politics

ByJulius Muchwe
Published on: Jan 25, 2024 11:01
...
Courtesy of LookUp Tv

The majority of Kenyans after the election outcome were happy campers since they had their instincts directing them that a fare nation that they were in dreamed of had finally been found, only for time to prove them otherwise due to increased food, energy and core inflation and the big elephant being extra taxation.

The regime we all hoped for turned into more taxation as the only standing way as per now to revive our economy and fight the monster problems we are facing as a nation, and that’s when the Finance Act 2023/2024 was introduced with multiple added tax.

The housing Levy that requires the working class requiring of them to contribute 1.5% of their gross salary for the affordable housing program has immensely created a lot of misunderstanding with the court suspending it while on the other hand, the president calling them out saying they are trying to sabotage his plans to revive the country economic crises.

At the moment the idea of sensitising on taxpaying seems as the worst idea that has ever been implemented in Kenya in the sense that there is no increase in the amount of salaries received, it remains a hardcore to chew and swallow.

The government has made it look like more tax is the only solutions to the ailing economic crises in Kenya while typically the relation of the economic theory shows that to some point the increase in taxation leads to a decrease in the revenue collection. 

For instance, during the COVID-19 pandemic,the administration then reduced some taxes such as the corporate tax rates as well as pay as you earn and still the Revenue Authority of Kenya reported their was growth in the amount of revenue collection and with last year KRA missing the target with a whooping 79billion shillings.

What’s worrying more is the increase of the national debt which is over 10 trillion, with this, as a nation we have to bear with the increase of taxes at the moment since if we keep finding ways to avoid taxpaying, we might lead this nation to fall apart which will take longer to restructure from the beginning compared to holding on to difficulties for a period of a given time and later enjoying the outcome and appreciating the process.

As far as this is said, the pain is not in the payment of increased taxes, but in the management of public resources across the years the government of Kenya have failed to control the resources with massive corruption rooted in the corridors of power to the point of losing 2billion shilling a day.

Come June this year the government is obligated to pay 2 billion Dollar to fulfil it’s Eurobond loan commitment with no accountability of what the money really did or a major project the loan was pumped into in the essence of creating value or profit as expected by the law.

Money that Kenyans pay in the form of tax needs to be used for their benefits, with leaders being subjected to scrutiny and be held accountable in the case they misappropriate taxpayer’s money.

It's time for the national assembly to come up with a committee that will be obligated to hold leaders accountable, as well as a committee on public debt to keep the government on toe in terms of borrowing money meant to fund non of the development project’s. 

Despite this fact, being delusional is evil, the reality is the government needs to make properly monitoring of the way tax  paying is being carried out and not the idea of the halve notes  and  the people at the middle class being the only group of people fighting for the wellbeing of the economy despite their low wages, only for the halves to make fortune from their hardworking.

Majority now have lost hope with Presidents Ruto’s administration over the issue of increasing the tax without increasing the wages, for sure in one way or another hurts but choices heals better than time, and it’s high time for the government to be considerate of the choice’s the make towards economical liberation. 

The late Mwai Kibakis regime built an economy that everyone desired and it was through tax sensation they were able to do so, everyone should pay tax accountably but accountability of the taxpayer’s money still remains unsolved riddle, it’s until the riddle is solved then some hope will arise.


Leave a Comment..

0 Comments

No comments yet...