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Finance Bill

All articles tagged with #finance bill

international-news1 year ago•1 min saved

Violent Clashes in Kenya Over Controversial Tax Bill Leave One Dead, Hundreds Injured

Violent clashes erupted in Nairobi, Kenya, as police used tear gas and water cannons to disperse protesters opposing a controversial finance bill that proposes tax hikes amid rising living costs. Despite some amendments to the bill, including the suspension of certain taxes, demonstrators demand its complete withdrawal. The protests have seen mass arrests and have been amplified on social media platforms like TikTok, where activists provide real-time updates and document police actions.

via CNN|

#finance-bill #international-news #kenya

politics2 years ago•4 min saved

Pakistan approves new taxes worth PKR 215bn to secure IMF deal.

Acting President Sadiq Sanjrani has signed the amended Finance Bill 2023-24 and the Elections (Amendment) Bill 2023, which were passed by the National Assembly. The Finance Bill includes fiscal tightening measures dictated by the IMF, while the Elections (Amendment) Bill limits the disqualification of lawmakers to five years with a retrospective effect and empowers the Election Commission of Pakistan to announce election dates unilaterally. The government hopes to generate an additional PKR 215bn ($1.3bn) in taxes and cut spending by PKR 85bn in the next fiscal year, without reducing the federal development budget or the salaries and pensions of government employees.

via DAWN.com|

#elections-amendment-bill #finance-bill #imf