Wealth, cash deposits low hanging fruit in expanding tax bracket

Apartments at the Garden City Mall in Nairobi on July 26, 2017. PHOTO | SALATON NJAU | NMG

On the expansion of the tax base, President William Ruto says his government will be taxing wealth, consumption, income, and trade in that order.

Taxing wealth is a noble idea, especially in a country where the gap between the rich and the poor is very wide.

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