The National Taxpayers Association (NTA) convened a multisectoral meeting with the Kenya Revenue Authority, the National Treasury and Economic Planning, the Kenya Institute for Public Policy Research and Analysis (KIPPRA), and partners to deliberate on the newly launched Wealth Tax Report and its role in enhancing Domestic Resource Mobilization (DRM) in Kenya.
Opening the discussions, NTA’s CEO emphasized the urgency of exploring sustainable revenue sources in the face of global financing gaps and widening inequality. With the top 10% of Kenyans controlling over 40% of national wealth, much of it untaxed, the debate on wealth taxation could not be more timely.
Dr. Lyla Latif, who presented the report findings, provided comparative insights from global experiences and outlined options for a Kenya-specific approach. Her presentation sparked an engaging debate on opportunities—reducing inequality, broadening the tax base, and promoting fairness—against challenges such as capital flight, valuation complexities, and political resistance.
The meeting concluded with consensus: with phased implementation, robust legislation, institutional capacity, and transparency in revenue use, wealth taxation can strengthen Kenya’s revenue base while advancing equity, fairness, and sustainable economic development.