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M-Pesa accounts for about 99.9 per cent of the value of mobile money transactions. [File, Standard]
The government plans to amend the Data Protection Act to allow the Kenya Revenue Authority (KRA) to identify potential tax discrepancies by analysing bank and mobile money transactions.
This is part of President William Ruto's new grand plan to broaden the country's tax base by catching tax evaders and raising revenue at a time when the taxman has been missing its revenue targets.
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