Business / Economics

Jobless Rate Surge Poses Tax Threat

today14 July, 2025

Background

A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. 

Written by: Leonard Witbeen

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