Tag: tax

Kenyan court approves sending in army to quell violent tax protests

A court in Kenya on Thursday approved a decision to send in the army as police backup, as protests continue against a controversial tax bill that the government has promised to withdraw. While armoured military vehicles could be seen in the city, the court ruled in the evening that the deployment authorized by parliament was […]

Kenya deploys more security forces as tax protests boil on

Despite the promised withdrawal of Kenya’s controversial tax bill, protests continued against the government of President William Ruto on Thursday, with gunfire reported in Nairobi. The situation was tense in the capital, where demonstrators announced a march to State House, Ruto’s official residence. Access roads were cordoned off over a wide area and numerous police […]

Kenya rocked by fresh protests despite president’s U-turn over tax bill

Police in Kenya fired tear gas on protesters as a fresh wave of demonstrations swept the country, despite President William Ruto’s U-turn on controversial tax plans. Fresh protests dubbed “One Million People March” began Thursday, with demonstrators calling for roads leading to the capital Nairobi to be blocked. Others threatened to occupy the State House, the president’s […]

Denmark set to impose world’s first carbon tax on cows

Denmark, a major pork and dairy exporter, will introduce a tax on livestock carbon dioxide emissions from 2030, making it the first country to do so and hoping to inspire others such as Ireland to follow. Cattle farmers in the Scandinavian country are set to be charged almost €100 a year for the greenhouse gas […]

$1.2 billion STL riverfront plan moves forward with tax breaks

ST. LOUIS – A $1.2 billion redevelopment project for the St. Louis riverfront is one step closer to taking shape as board members approved a key tax break. On Tuesday, board members with the St. Louis Land Clearance for Redevelopment Authority approved a sales tax exemption on construction materials for a riverfront plan known as […]

IRS Apologizes to Ken Griffin to Settle Tax Data Breach Case

(Bloomberg) — The US Internal Revenue Service issued an unusual public apology to hedge fund manager Ken Griffin for failing to protect his confidential tax data from being stolen and leaked to the media by a contractor now in prison. Most Read from Bloomberg That contractor, Charles Littlejohn, pulled off one of the most egregious […]

Kenyan leader nixes tax hikes after more than 20 killed in protests

Johannesburg — Human rights groups say at least 22 protesters were killed and scores more wounded on the streets of Kenya Tuesday as they clashed with police in chaotic demonstrations over a contentious finance bill laden with tax hikes that was passed by the country’s parliament. With the deaths and injuries still being counted, the protesters’ […]

Kenya’s Ruto withdraws controversial tax bill as protests escalate

The News NAIROBI — Kenya’s President William Ruto on Wednesday withdrew a controversial finance bill that contained unpopular tax hikes following pressure from youth-led protests. Twenty-one protesters had been killed as of Tuesday evening, according to the Kenya Human Rights Commission (KHRC), with more than 200 injured. “Listening keenly to the people of Kenya who […]

Kenya Dollar Bonds Deepen Losses as Ruto Abandons Tax Plans

(Bloomberg) — Kenya’s sovereign dollar bonds extended losses after anti-government protests forced President William Ruto to scrap a $2.3 billion plan to balance the budget and make the country’s debt sustainable. Most Read from Bloomberg The nation’s 2031 debt security fell to its lowest price since being issued in February, pushing Kenyan bonds as a […]