Tax push will erode financial inclusion, caution groups

National Assembly Finance Committee Chairman Kuria Kimani (right) and vice chairman Benjamin Langat during the public participation on the Finance Bill 2024. [Boniface Okendo, Standard]

Financial sector players and special interest groups have warned the proposed tax measures in the Finance Bill 2024 could derail financial inclusion gains in the country.

They called for balanced policy-making to ensure revenue generation without exacerbating inequalities, particularly for vulnerable populations like people living with disabilities.