Nairobi Woman Representative Esther Passaris has proposed a significant increase in the withholding tax on interest income earned from infrastructure bonds. Currently set at 5%, Passaris suggests raising this tax to 20%. This move is aimed at enhancing government revenue and ensuring a fairer contribution from investors benefiting from these bonds. The proposal has sparked debate among stakeholders, with supporters highlighting the potential for increased public funds, while critics argue it may deter investment in crucial infrastructure projects.
Esther Passaris Advocates for Increasing Withholding Tax on Infrastructure Bonds to 20%
