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Robin Hood taxes will hurt small savers, warn financial experts

Britam Asset Managers Company CEO Kenneth Kaniu. [File]

The so-called Robin Hood taxes on transactions of Sh500, 000 and above will hurt poor savers, financial experts have warned.

Appearing yesterday before the National Assembly Committee on Finance and National Planning, various financial and tax experts warned that if enacted, returns for small savers in collective investment schemes, popularly known as unit trusts, would decline by between three and five per cent.

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