Thursday
October 18
2018

Viewpoint: Tax on internet, mobile cash will dim ‘Silicon Savannah’ dream

By Linah Benyawah

The most endearing question on the growth of a state should be, do we tax ourselves to growth or poverty, economic extinction and obscurity? While tax is a grand necessity, the growth of nations is pegged on taxation systems that allow for equitable redistribution and tandem growth in the middle and lower classes — the low-income group.

A good example, and which has generated much controversy and qualified opinion in equal measure, is Kenya. The recent concession by the Executive and the measures introduced in the tax reforms — taxing fuel and introducing a vague organ on kerosene and highly taxing mobile money and data is such.

Photo courtesy of Neil Palmer.

Source: Daily Nation (link opens in a new window)

Categories
Technology
Tags
emerging markets, fintech, mobile money, public policy, regulations, social media, taxes