From Kenya's housing levy drama to the EU Commission's investigation, the world is buzzing with levy controversies!
From Kenya to Germany, levies are causing quite a stir. In Kenya, President William Ruto faced a blow as the Court of Appeal blocked his government's attempt to collect a 1.5% housing levy for affordable housing. Despite the government's efforts, the court stood firm on its decision, citing public interest. Meanwhile, in Europe, the EU Commission has turned its attention to Germany's natural gas levy. Questions are raised about whether the levy on natural gas exports distorts the EU's energy market.
In Kenya, the housing levy saga continues as President Ruto condemns the Court of Appeal ruling, emphasizing the importance of affordable housing projects. On the other hand, the EU Commission's investigation into Germany's natural gas levy sheds light on potential trade distortions within the bloc. This scrutiny could have far-reaching implications for energy policies in Europe.
Despite the setbacks in Kenya and Germany, the debate over levies persists. The outcome of these legal and regulatory battles will not only impact government funding mechanisms but also shape the future of affordable housing and energy markets. Whether in Africa or Europe, the spotlight on levies highlights the complexities of economic policies and the intricate balance between taxation and public welfare.
This policy statement provides feedback to responses to the Bank's consultation paper: Bank of England Levy Framework Document.
President Ruto's government loses its bid to overturn a block on the controversial 1.5% housing levy.
Kenya's Court of Appeal on Friday refused to extend a stay that had allowed the government to continue collecting a 1.5% levy to fund affordable housing ...
A Kenyan court blocked the government from collecting a housing levy introduced by President William Ruto to fund a low-cost housing program.
Three-judge bench rules that public interest tilts in favour of not granting the order sought by the government.
In a setback for the Kenyan government, the Court of Appeal has rejected its bid to dismiss an appeals case challenging a contentious housing tax.
President William Ruto speaks to a construction worker in Ol Kalau, Nyandarua County during the launch of the affordable housing project on January 11, ...
Three-judge bench rules that public interest tilts in favour of not granting the order sought by the government.
The European Commission has asked the EU's energy regulator ACER to examine whether a tariff Germany added to its natural gas exports distorts the bloc's ...