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The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The Pay As You Earn (PAYE) relief planned by President William Ruto’s administration may be the much-needed breather on Kenyans’ squeezed wallets even as the government now risks a sharp revenue shortfall as a result.
For an economy whose books show it is barely holding together due to compounding debt now at Sh13 trillion, a relief on PAYE, while noble to workers already cash-trapped due to new or enhanced taxes, raises questions about which other ways the hole will be filled.
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