Kenya needs a realistic tax policy that views petroleum not as a captive and convenient source of tax revenues, but as an energy resource that drives numerous economic sectors to increase production and taxable incomes which yield more tax revenues to fund national development.
Overtaxed expensive energy slows down economic growth while fuelling inflation — a case of starving the goose that lays the golden egg for the exchequer. This is an economic mindset that should guide levels of petroleum taxes that are affordable by the economy.
