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Kenya Economy Watch
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winmak
#2381 Posted : Thursday, November 28, 2019 7:15:25 AM
Rank: Member

Joined: 12/1/2007
Posts: 539
Location: Nakuru
maka wrote:
Sufficiently Philanga....thropic wrote:
Why can't we have Opus Dei lead this country???


Ummmh I am very sure you know the answer... 🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️🤷🏽‍♂️


Not in a million years 😱
For investors as a whole, returns decrease as motion increases ~ WB
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aemathenge
#2382 Posted : Thursday, November 28, 2019 12:04:32 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...65318-10qtjwp/index.html
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whiteowl
#2383 Posted : Friday, November 29, 2019 10:29:34 AM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

You get 200 guys to do a job and they get no increase in revenue. Now the solution is to hire 1000 more guys? Isn't this the definition of madness?
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  | | Edit by user: Friday, November 29, 2019 10:47 AM | Reason: Not specified
shocks
#2384 Posted : Sunday, December 01, 2019 12:20:10 PM
Rank: Member

Joined: 3/15/2009
Posts: 362
whiteowl wrote:
[quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

You get 200 guys to do a job and they get no increase in revenue. Now the solution is to hire 1000 more guys? Isn't this the definition of madness?

If they cost the taxman 3 million a year, thats an extra wage bill of 3 billion. How much extra do they need to collect to ensure taxpayer isn't fooled
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Angelica _ann
#2385 Posted : Sunday, December 01, 2019 12:43:05 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
shocks wrote:
whiteowl wrote:
[quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

You get 200 guys to do a job and they get no increase in revenue. Now the solution is to hire 1000 more guys? Isn't this the definition of madness?

If they cost the taxman 3 million a year, thats an extra wage bill of 3 billion. How much extra do they need to collect to ensure taxpayer isn't fooled


Target is an extra 50b. So much witch-hunting and blackmail will be going on.
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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newfarer
#2386 Posted : Sunday, December 01, 2019 6:26:30 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
Angelica _ann wrote:
shocks wrote:
whiteowl wrote:
[quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

You get 200 guys to do a job and they get no increase in revenue. Now the solution is to hire 1000 more guys? Isn't this the definition of madness?

If they cost the taxman 3 million a year, thats an extra wage bill of 3 billion. How much extra do they need to collect to ensure taxpayer isn't fooled


Target is an extra 50b. So much witch-hunting and blackmail will be going on.

They will just kill the remaining struggling businesses
punda amecheka
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Ericsson
#2387 Posted : Tuesday, December 03, 2019 3:38:08 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,808
Location: NAIROBI
https://www.the-star.co....l-bills-says-cs-yatani/

The government is grappling with historical pending bills amounting to Sh1.8 trillion, senators heard yesterday.

Acting Treasury CS Ukur Yatani told senators that the bulk of the bills are made up of millions in unsettled court awards running for years.

The rest of the bills, he noted, consist of legal fees and fines.

He said the government doesn't know yet how to settle the huge bills, which he admitted is a challenge to the ministry.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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aemathenge
#2388 Posted : Monday, December 09, 2019 12:32:31 PM
Rank: Elder

Joined: 10/18/2008
Posts: 3,434
Location: Kerugoya
[quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

KRA to attach tax cheats’ salaries, seize properties

Quote:
The Kenya Revenue Authority (KRA) has started the process of attaching properties, salaries and bank accounts of high profile tax cheats in what promises to be the boldest crackdown on high net worth persons.


https://www.businessdail...8204-11t290xz/index.html
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newfarer
#2389 Posted : Monday, December 09, 2019 2:51:07 PM
Rank: Elder

Joined: 3/19/2010
Posts: 3,505
Location: Uganda
[quote=aemathenge][quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

KRA to attach tax cheats’ salaries, seize properties

Quote:
The Kenya Revenue Authority (KRA) has started the process of attaching properties, salaries and bank accounts of high profile tax cheats in what promises to be the boldest crackdown on high net worth persons.


https://www.businessdail...204-11t290xz/index.html[/quote]

Kibaki did well without all this nonsense.. They continue to strangle businesses

Something on me if we won't still find ourselves with billions in shortfalls

When a cow is sick you don't increase the frequency of milking to yield more milk.you look for a vet treat it and feed it .

With the intensity of the taxman businesses will continue to close as many now have nothing to lose by closing or letting more employees leave since the have nothing to do
punda amecheka
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  | | Edit by user: Monday, December 09, 2019 2:58 PM | Reason: Not specified
Gathige
#2390 Posted : Monday, December 09, 2019 4:50:48 PM
Rank: Elder

Joined: 3/29/2011
Posts: 2,242
newfarer wrote:
[quote=aemathenge][quote=aemathenge]It is getting hot in here

Quote:
The Kenya Revenue Authority (KRA) has been allocated additional cash to hire 1,000 intelligence and enforcement officers who will identify and arrest wealthy tax cheats in what promises to be the biggest crackdown on high-networth individuals who owe the taxman.


https://www.businessdail...5318-10qtjwp/index.html[/quote]

KRA to attach tax cheats’ salaries, seize properties

Quote:
The Kenya Revenue Authority (KRA) has started the process of attaching properties, salaries and bank accounts of high profile tax cheats in what promises to be the boldest crackdown on high net worth persons.


https://www.businessdail...204-11t290xz/index.html[/quote]

Kibaki did well without all this nonsense.. They continue to strangle businesses

Something on me if we won't still find ourselves with billions in shortfalls

When a cow is sick you don't increase the frequency of milking to yield more milk.you look for a vet treat it and feed it .

With the intensity of the taxman businesses will continue to close as many now have nothing to lose by closing or letting more employees leave since the have nothing to do


Debt collection 101, when someone owes you money, you first talk to them nicely to pay. Enforced collection is expensive, takes very long and may yield nothing.

Tax collections are low not mainly because of non remittance, but the tax base has shrunk under Jubilee. Job losses, the associated shrinking purchasing power etc have all contributed.

1000 sleuths will follow up on the same people and not collect much.
"Things that matter most must never be at the mercy of things that matter least." Goethe
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