Rotich hits rich hard to help poor families

Treasury secretary Henry Rotich. FILE PHOTO | NMG

In a classical fashion of robbing the rich to feed the poor, Treasury secretary Henry Rotich has introduced a Robin Hood Tax to help low-income earners at the expense of the wealthy.

The minister seeks, through his budget, to slap a tax of 0.05 per cent on cash transfers exceeding half a million shillings.

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Note: The results are not exact but very close to the actual.