Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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McGill wrote:VituVingiSana wrote:Failed Businessman wrote:FUNKY wrote:https://www.businessdailyafrica.com/corporate/companies/EABL-staff-face-layoffs/4003102-5218176-view-asAMP-qbwvsbz/index.html These retrenchments started kitambo. I was one of the first people to face the axe. Jobs are mainly moved to India. Are KE labor costs too high? I know of a diageo position where a kenyan guy makes 120,000ksh but the Indian counterpart makes less than 50,000ksh For a job function that doesn't require on the ground knowledge, it's much cheaper to outsource. It started with the "West" outsourcing but it seems to now include the "South" too. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 12/7/2012 Posts: 11,908
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FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. This is not good news to anyone.It can't be that KRA has just discovered all top tax payers are evading taxes.If this goes on more jobs will be lost and KRA gets zero taxes after shutting down the companies.
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Have they been evading taxes? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay. Kwenda huko
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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VituVingiSana wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Have they been evading taxes? They have..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Today is the book closure date
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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https://tradingroom.co.k...d-the-group-chairman-at/Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay. Kwenda huko You have been begging for KQ to be exempted from income tax... why? Life is short. Live passionately.
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Rank: Elder Joined: 6/23/2009 Posts: 13,516 Location: nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay. Kwenda huko You have been begging for KQ to be exempted from income tax... why? Because its competitors across the region enjoy such state protection, thus making the KQ ticket price unattractive in comparison. Plus GoK holds 48% of the airline stock, thus its demise/diminished return is a direct hit to taxpayers
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Elder Joined: 12/4/2009 Posts: 10,684 Location: NAIROBI
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FUNKY wrote:https://kenyanwallstreet.com/martin-oduor-otieno-takes-over-as-eabl-chairman/amp/?__twitter_impression=true Already posted here Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,103 Location: Nairobi
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sparkly wrote:obiero wrote:sparkly wrote:obiero wrote:sparkly wrote:Angelica _ann wrote:FUNKY wrote:https://www.the-star.co.ke/amp/news/2019-08-21-dpp-orders-keroche-directors-tabitha-karanja-and-husband-to-appear-in-court-over-sh14bn-tax-evasion/?__twitter_impression=true
This should be good news for EABL! KRA is killing local investors. By 2023 there will be both decline in budget & revenue collection. Remember Moi days. The African Government kills African entrepreneurs. After Murungi of Mastermind, its now Tabitha of Keroche, Karauri of Sports Pesa and Humphrey Kariuki of wines of the World. Kulipa ushuru ni kujitegemea.. Nothing wrong with being rich but not at the expense of national interest.. These four chaps do not define entire Kenya state of business. Why hasn’t James Mwangi or Chris Kirubi been targeted. Most unlisted firms practice vodoo accounting In Kenya you can't grow by being 100% compliant. Cost of compliance is too high. Between paying loans to build the factory, buying raw materials & paying employees to keep the factory running versus paying taxes, something gotta give. The Government should acknowledge this situation and give the taxpayer time to pay. Kwenda huko You have been begging for KQ to be exempted from income tax... why? Income Tax is paid on PBT. There's no fear of any P(rofit) at KQ in the near future  Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 7/22/2008 Posts: 2,703
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https://www.businessdail...3544-mxpm2dz/index.html
Are these the same type of bond that Nakumatt issued that left some investors holding worthless pieces of paper? Unsecured 6bn bond!!!
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