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Uhuru receives Finance Bill shelving fuel tax, decision within 14 days

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National Assembly Speaker Justin Muturi on Thursday presented to President Uhuru Kenyatta, the Finance Bill, 2018, which suspends the 16 per cent tax on petroleum products.

 State House Spokesperson Kanze Dena acknowledged that the president received the legislation which was approved by the National Assembly on August 30. 

The Head of State has 14 days to either assent to the Bill or send it back to Parliament for review if he is not satisfied with the proposals contained therein.

A Bill automatically becomes law if the days elapse without the President’s action on the same. The 16% VAT was imposed on September 1, resulting into a sharp increase in fuel prices.

The introduction of the charge has seen fuel prices rise to Sh130 per litre for petrol and almost Sh100 for kerosene. The mid-month review is due on Friday.

The decision sparked protests among Kenyans who have in various platforms reached out to the president to sign the Finance Bill, 2018 to cushion them from the high costs.

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The National Treasury, the proponents of the tax, put forth the measures in the wake of IMF’s requirement that they improve on revenue collection so that the country can be a position to be advanced development loans.

Various government officials have also cited the Uhuru’s Big Four development agenda as one of the reasons Kenyans have to pay the tax despite the pressure on their income in the face of high cost of living.

Gatundu South MP Moses Kuria is among the legislators who have said the country has no other alternatives for raising revenues to reach the levels set by IMF.

In a recent interview with Citizen TV, he said the citizenry will have to pay the VAT. “Take it to the bank,” he said.

Should Uhuru assents to the Bill, the VAT will be suspended bringing down the cost of fuel.

More on this: Uhuru remains silent on contentious fuel tax in first public appearance

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Politics of deceit: Anatomy of MoUs built on backstabbing, empty words

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Just like prior to 2002, Kenya is on the cusp of a regime change in 2022 hence the heightened political deal-making.

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Ruto’s Mt Kenya hustlers meet to fine-tune bottom-up economic model » Capital News

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NAIROBI, Kenya, May 9 – Deputy President William Ruto on Saturday hosted leaders from Mt Kenya region to discuss how to re-engineer the country’s economy.

Ruto said the meeting which was a follow-up to a similar forum held in Maasai Mara on May 1 deliberated on collaborative efforts to re-engineer government economic approach to one that promotes enterprise and fosters the empowerment of ordinary Kenyans.

“Through the ongoing consultations covering all regions and all sectors of the economy, we anticipate the generation of more jobs and expanded opportunities for those in the lower cadre will rid our country of poverty,” he tweeted.

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During an engagement with three representatives from each of the 11 counties from Mt Kenya region, it was agreed that more targeted and inclusive sessions should be held with Hustler Movement representatives, Members of the County Assemblies, religious and business leaders to follow as the country opens up.

The DP has been building the Hustler Movement, a political group championing for a bottom-up economic model, as his preferred platform for the 2022 presidential run.

At Maasai Mara, Ruto was accompanied by economist David Ndii who briefed the legislators on DP’s proposed ‘Bottom-Up Economic model’ which seeks to uplift the common citizen and provide them with an opportunity to have a say in government.

The DP on Friday held another meeting with over 50 individuals including a section of Mt Kenya where the politicians and experts from different sectors discussed economic revival, a subject Ruto has been propagating since the pandemic broke out in the country.

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Is Orengo charting his path away from Raila?

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History of intense rivalry between him and Opposition leader, alleged sabotage in 2013 and 2017 elections and talk of betrayal ahead of 2022.

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