A wealth tax on Kenya’s super-rich and high-income earners has the potential to earn the country up to Sh125 billion in additional revenue, charity organisation Oxfam International says.
Oxfam says in a new report on inequality that a wealth tax of two percent on those with a net worth of $5 million (Sh568 million), three percent on $50 million (Sh5.7 billion) and above, and five percent on $1 billion (Sh113.5 billion) would net the exchequer $900 million (Sh102.2 billion).
