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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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xtina wrote:lochaz-index wrote:xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get lifted If it don't make dollars, it don't make sense
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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Balaa wrote:xtina wrote:lochaz-index wrote:xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get lifted Word Lessons you learn along the way! @SufficientlyP
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Balaa wrote:xtina wrote:lochaz-index wrote:xtina wrote:lochaz-index wrote:xtina wrote:I must admit I like seeing the green in banking stocks, feel like offloading a few and re-enter later coz I am not sure this green is gonna last long. Then I buy Centum, Unga and BAT. Is this wise? I do not know  . The past one year has been absolutely dreadful so it is good to see some positive change. Anyway, I have bitten the bullet and will sell a few, let me enjoy while it lasts since I am not sure we will see this green again, at least in the near future and early 2020. Ride the wave first then sell once the excitement is fizzling out towards the end of November. Nimetoka (sijauza zote), wale wamebaki all the best and see you end of year/early 2020. That was a sweet journey and reward for being patient for the last one year. Kesho I am also offloading some Safaricom as it seems the results will be good Am withcha. There's a time for planting and a time for harvesting. If your crop has matured please harvest lest the pests/rodents will come for it and harvest where they dint sow. It's such an irony that I bought into bank stocks when the rate cap came into effect and now I exit when it's about to get lifted Superb contrarian play! The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 6/26/2008 Posts: 399
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Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
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Rank: Chief Joined: 1/3/2007 Posts: 18,342 Location: Nairobi
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xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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VituVingiSana wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK!
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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whiteowl wrote:VituVingiSana wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK! After crippling judiciary now comes this. Uhuru kenyatta should just finish his term and go in peace. Remaining duration he can't make any meaningful positive change to the economy 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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Ericsson wrote:whiteowl wrote:VituVingiSana wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK! After crippling judiciary now comes this. Uhuru kenyatta should just finish his term and go in peace. Remaining duration he can't make any meaningful positive change to the economy 1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year; 2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year; 3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT); 4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that; 5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise; 6. He is now complaining of backlog at TAT as if he doesn't know who caused it; 7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya. Life is short. Live passionately.
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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sparkly wrote:Ericsson wrote:whiteowl wrote:VituVingiSana wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK! After crippling judiciary now comes this. Uhuru kenyatta should just finish his term and go in peace. Remaining duration he can't make any meaningful positive change to the economy 1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year; 2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt. didn't Gazette new members for more than an year; 3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT); 4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that; 5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise; 5. He is now complaining of backlog at TAT as if he doesn't know who caused it; 6. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya. This is madness. You mean we are hurtling through the skies with no pilot . What a mess
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Rank: Member Joined: 7/1/2009 Posts: 272
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sparkly wrote:Ericsson wrote:whiteowl wrote:VituVingiSana wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion. A connected firm could cripple a competitor. This renders the legal process mute.Its like serving a prison sentence before getting the verdict. This is some high level bs coming from PORK! After crippling judiciary now comes this. Uhuru kenyatta should just finish his term and go in peace. Remaining duration he can't make any meaningful positive change to the economy 1. The Drunk Emperor knows very well that the Tax Appeals Tribunal (TAT) was not sitting from March 2018 to September this year; 2. The reason for TAT not sitting is because members' terms expired in March 2018 and his Govt didn't Gazette new members for more than an year; 3. His Govt further cut the budget for the judiciary (which includes the quasi judicial tribunals like the TAT); 4. He tried to use DCI to collect taxes from Keroche, Wines of the World etc but court told him it doesn't world like that; 5. He harrased, arrested and prosecuted KRA officers, cases still in the courts but tax collection didn't rise; 6. He is now complaining of backlog at TAT as if he doesn't know who caused it; 7. Let the guy drink his whisky, go for foreign trips then retire as the most underwhelming president in the history of Kenya. Damn, you are fearless! Having had a taste of natural law (forget legal law), I could never speak so plainly. Good luck.
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Rank: Veteran Joined: 8/10/2014 Posts: 992 Location: Kenya
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xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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watesh wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say. ,Behold, a sower went forth to sow;....
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Rank: Member Joined: 4/21/2015 Posts: 151
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muandiwambeu wrote:watesh wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say. This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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AndyC wrote:muandiwambeu wrote:watesh wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say. This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things. True.... possunt quia posse videntur
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Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi
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maka wrote:AndyC wrote:muandiwambeu wrote:watesh wrote:xtina wrote:Kenya Plans Tougher Tax Measures After Seeing Wider Budget Gap
(Bloomberg) -- Kenya is planning legislation that could compel the payment of contested tax bills before courts rule on them, in a bid to boost government revenue and help plug a widening budget deficit. Over 300 billion shillings ($2.9 billion) is held up in about 1,000 legal disputes before a tax-appeals tribunal and courts, President Uhuru Kenyatta said Tuesday at a meeting in the Kenyan capital, Nairobi. “Most of these cases have stayed for more than two years,” he said. The government is drafting a bill seeking to empower the tax agency to enforce mandatory payment of tax even when it’s being contested in the courts. The bill will be presented in four months, Kenyatta said.
Kenyatta’s comments come after the National Treasury increased its 2019-20 budget-deficit forecast to 6.2% of gross domestic product from 5.9% earlier following revenue shortfalls. The government also plans to shift its debt-ceiling, effectively opening up room for more borrowing to fund planned infrastructure expansion.
KRA will take advantage and slap people with outrageous tax demands, spend years in court and spend decades to repay back the outrageous amounts they demanded It feels mpeketoni every corner of Kenya. No wonder lamu is very unique in it's population census. Feeling like being tax mpeketone and am in freight mood already. Such laws or registrations are outrageous I say. This government will go down as one that got everything they wanted but failing terribly as they wanted all the wrong things. True.... Total mess,tyranny of destruction "Don't let the fear of losing be greater than the excitement of winning."
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