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Madness at the NSE
watesh
#1901 Posted : Wednesday, November 06, 2019 10:43:21 AM
Rank: Veteran

Joined: 8/10/2014
Posts: 992
Location: Kenya
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
muandiwambeu
#1902 Posted : Wednesday, November 06, 2019 10:55:58 AM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
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;....
AndyC
#1903 Posted : Wednesday, November 06, 2019 11:38:15 AM
Rank: Member

Joined: 4/21/2015
Posts: 151
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.
maka
#1904 Posted : Wednesday, November 06, 2019 12:01:34 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
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
mlennyma
#1905 Posted : Wednesday, November 06, 2019 12:41:21 PM
Rank: Elder

Joined: 7/21/2010
Posts: 6,194
Location: nairobi
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."
Ericsson
#1906 Posted : Wednesday, November 06, 2019 2:00:55 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
Volumes traded today are quite heavy.
Safaricom 40mn shares
Equity bank 11mn shares
Coop bank 7mn shares
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
lochaz-index
#1907 Posted : Wednesday, November 06, 2019 4:51:49 PM
Rank: Veteran

Joined: 9/18/2014
Posts: 1,127
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.


Very unfortunate and entirely avoidable turn of events.
The main purpose of the stock market is to make fools of as many people as possible.
mulla
#1908 Posted : Thursday, November 07, 2019 11:47:42 AM
Rank: Member

Joined: 6/15/2013
Posts: 301
lochaz-index wrote:
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.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....
cyruskulei
#1909 Posted : Thursday, November 07, 2019 12:26:51 PM
Rank: Member

Joined: 3/9/2010
Posts: 320
Location: kenya
mulla wrote:
lochaz-index wrote:
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.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....


Someone wants to make the entire kenyan population slaves and only one or few masters. Then we beg for everything including kuenda kusalamia your spouse. Dynasties. Read Maraga's "kenya iko na wenyewe"
Work hard at your job and you can make a living. Work hard on yourself and you can make a fortune.

muandiwambeu
#1910 Posted : Sunday, November 10, 2019 9:08:39 PM
Rank: Veteran

Joined: 8/28/2015
Posts: 1,247
cyruskulei wrote:
mulla wrote:
lochaz-index wrote:
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.


Very unfortunate and entirely avoidable turn of events.


Enyewe electing someone who came from privelege and doesnt know the frustrations the businessman on the ground goes through was a big mistake.
KRA tax demands for more than half the time do not make any sense.They just pull figures from the sky and levy it out on you. Now pork wants you to pay this without defending yourself first?
Many businesses will not be able to foot these demands, then guess what, closure and loss of jobs and income to the economy.Why would a struggling business want this added on unrighteous burden?
Rating of pork so far.....2/10.....very poor....


Someone wants to make the entire kenyan population slaves and only one or few masters. Then we beg for everything including kuenda kusalamia your spouse. Dynasties. Read Maraga's "kenya iko na wenyewe"

Vile hii ndume imekamatwa na hawa wanaume wawili, ndivyo mambo yameilemea hii bull ya nse pia na hawa ndume wawili🤩,the bull is very impotent and powerlessed......
https://drive.google.com...mYM_Ej/view?usp=drivesdk
,Behold, a sower went forth to sow;....
251 Pages«<189190191192193>»
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