Actor cum Politician, John Dumelo, has bemoaned the passage of the Electronic Transaction Levy (E-Levy).
Taking to Facebook to lament over the policy, he said the levy is likely to derail the digital economy which has been touted by the government.
“E-Levy is about to defeat the purpose of a cashless economy,” he said.
According to him, the new tax policy will trigger panic withdrawals which will limit the rate of cashless transactions.
“Panic withdrawals will soon happen and people will find legally smart ways to avoid the system,” he stressed.