×
App Icon
The Standard e-Paper
Join Thousands of Readers
★★★★ - on Play Store
Download Now

Black market to thrive as Ruto tax plan suffers blow

Vocalize Pre-Player Loader

Audio By Vocalize

Traders wait for tomatoes to be offloaded from lorries at Daraja Mbili Market in Kisii County. [Sammy Omingo, Standard]

Kenyans are bracing for tax increases as the William Ruto government seeks to bridge its budget deficit.

However, the proposals are stirring concerns about the underlying consequences, raising questions about the effectiveness of such measures.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By Brian Ngugi 19 hrs ago
Business
Why CBK rules punish Kenya's safest borrowers and lock millions of farmers out of credit
Business
Fixing execution crucial for Kenya's growth, official says
Business
Co-op Bank named Africa's SME Bank of the Year
Business
Experts: Finance Bill proposal on nascent sectors hurts growth