It seems the more we go digital and embrace banking, the more the government is seeing an opportunity to tax.

I predict that in the next two years, bank deposits, bank withdraws, bank balances, wire transfers (incoming and outgoing) will be the new tax cash cow.

This year, they have set the stage with the robin hood tax. I guarantee next year it will be raised.

These tax streams will be the new cigarettes and beer tax. Every year the tax rate will go up. Mercilessly.


I have decided to be proactive and invest in a very very strong safe and put some cash inside. Fireproof, thief proof, everything proof.
Anyone have any good make and models for home use? This way I don't have to deal with these myriad of taxes that I am sure are in pipeline.

If I transfer money, it is using my own hands.

Note: I am not a tendepreneur. Just trying to legally avoid useless taxes. Keeping cash at home is not illegal.

Might I suggest an alternative to the safe: Bitcoin? Your wallet, your coins.
-Secure.
-Accessible from anywhere in the world.
-No government can take it from you.
-Inflation won't eat it.
-Transact directly using it or convert to local currencies when the need arises.
Yes, daily price fluctuations will put you on edge. However, as a long term store of value, your funds are safe.

The home safe has its pros/cons list too, but decision is yours.

Welcome to Bitcoin, my fren Safes are another shortcut to Makueni

As much as I detest it, I can stomach the initial robin hood tax of 0.05 on 500,000 and above. But I know this is just KRA's "introductory offer".

I am certain that in the next fiscal year, they will either/or:

1.) Reduce the amount to 400K and above transfers to capture more transfers.
2.) Increase the tax from 0.05 to 0.06.

They will repeat this process every year, like they do with beer, cigarettes and vehicle taxes.

So I just want to organize myself ahead of time. You too will follow. Trust me. MPESA won't be spared either.

Exactly.pay the damn tax or you get visitors at night.

The day for the safe has arrived. This tax will go up every year by MINIMUM 1-2 %.

Bitcoin and cryptocurrency in general gives you control over your wealth. Legislation is in the technology, so if you need one to take up cunstory of anything, just give them he keys and credentials to them. Or else they will be lost and the price factored into the existing ones by value and not number.

if this will be coming in to effect many will need a Strong Safe, wanabiashara kaput!!