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BIG STORY: New Bill to push up prices of milk, flour

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MyMoneyMyPrice		#1 Posted : Tuesday, July 31, 2012 7:49:09 AM
Rank: Hello Joined: 7/27/2012 Posts: 8		MPs yesterday threatened to censure Githae over what they said was a ‘punitive’ Bill. Prices of maize flour, bread, wheat flour, milk and other basic commodities will shoot up by 16 per cent, if MPs approve plans to impose a tax on them. Shoppers in a supermarket. Prices of maize flour, bread, wheat flour, milk and other basic commodities will shoot up by 16 per cent, if MPs approve plans to impose a tax on them. Photo/FILE Read more.
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livie		#2 Posted : Tuesday, July 31, 2012 11:42:51 AM
Rank: Veteran Joined: 11/1/2008 Posts: 834		The revolution will not be televised..... If you are going to be thinking only one thing, you might as well be thinking big. -Donald J . Trump
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chiaroscuro		#3 Posted : Wednesday, August 01, 2012 9:01:33 AM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		Another example of MPs not understanding how VAT [or any taxation for that matter] works.... Chances are that there will be no price change at all. Reason being that the market price of a product has VERY little relationship to the input costs!
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digitek1		#4 Posted : Wednesday, August 01, 2012 11:40:42 AM
Rank: Veteran Joined: 2/3/2010 Posts: 1,797 Location: Kenya		chiaroscuro wrote: Another example of MPs not understanding how VAT [or any taxation for that matter] works.... Chances are that there will be no price change at all. Reason being that the market price of a product has VERY little relationship to the input costs! shed light please I may be wrong..but then I could be right
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theman192000		#5 Posted : Wednesday, August 01, 2012 12:17:44 PM
Rank: Member Joined: 7/11/2008 Posts: 401		digitek1 wrote: chiaroscuro wrote: Another example of MPs not understanding how VAT [or any taxation for that matter] works.... Chances are that there will be no price change at all. Reason being that the market price of a product has VERY little relationship to the input costs! shed light please Yes please shed some light; consult if need be
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chiaroscuro		#6 Posted : Thursday, August 02, 2012 12:53:45 PM
Rank: Veteran Joined: 2/2/2012 Posts: 1,134 Location: Nairobi		theman192000 wrote: digitek1 wrote: chiaroscuro wrote: Another example of MPs not understanding how VAT [or any taxation for that matter] works.... Chances are that there will be no price change at all. Reason being that the market price of a product has VERY little relationship to the input costs! shed light please Yes please shed some light; consult if need be Ask yourself this: was the drop in the cost of phone calls caused by a reduction in the prices of inputs?
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