Kenya Revenue Authority (KRA) has been collecting taxes from January without a legal basis to do so. This came about as a result of former finance minister Uhuru Kenyatta withdrawing the Finance Bill from the house. KRA has been collecting taxes on the back of …

Parliament is in a tussle with the government over passing of the Finance Bill 2011. The government has differed with parliament over, among other things,  the capping of bank interest rates. Failure to have the Finance Bill passed by parliament essentially makes it illegal for government…

The treasury has come up with an excellent summary on the Budget and the forecast for the next few years see Budget Highlights Final. Suffice it to say that domestic borrowing will be checked at Kshs. 120 bn. and although the budget deficit looks high at 8% public debt…