Home General Treasury CS wants land rates increased for leaseholders

Treasury CS wants land rates increased for leaseholders

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Treasury Cabinet Secretary Henry Rotich said the State is pushing devolved units to collect more taxes from land and property rates to reduce pressure on revenues.

Treasury is reviewing how countries collect rates, how land is valued and create a model that will be replicated across the country.

Taxes based on valuation may also hit firms and individuals holding large tracts of land, which according to Treasury, will help bridge the inequality gap by transferring benefits from the rich to the poor.

For more details visit The Standard

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