Kenya to Raise $763 Million After Lawmakers Tone Down Tax Plan (opens original article in a new tab)

Kenya to Raise $763 Million After Lawmakers Tone Down Tax Plan. Kenyan lawmakers watered down a slew of tax proposals fronted by the Treasury that would have raised nearly $1 billion for the East African nation’s budget.

• Kenya's lawmakers reduced tax proposals to raise $763 million instead of nearly $1 billion
• The revised plan aims to fund the East African nation's budget
• The Treasury's original proposals were scaled back by lawmakers