There is more to economics than tinkering with taxes. I am surprised that even as we continue to grapple with new plans to reshape the post-Covid economy, all our revenue-obsessed makers of tax policy at both the Treasury and Kenya Revenue Authority (KRA) are thinking is how to adjust excise duties upwards.
Recently, the KRA sent a notice to manufacturers and importers of excisable goods that it intends to adjust the rates of excise duty using the average inflation rate for the current financial year. The implication of the plan by the KRA is that excise duty rates are bound to move upwards.
