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16% VAT shocker on stocks
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Cde Monomotapa
#31 Posted : Wednesday, July 03, 2013 10:01:44 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Btw, this bill was just pushed forward to post elections. Even if it were a CORD gova we'd still be slugging each other here. Laughing out loudly Laughing out loudly #Suckers

Even B.O won the immigrant vote but voila, immigration reforms ndizo hizo! smile
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mwekez@ji
#32 Posted : Wednesday, July 03, 2013 10:02:54 AM
Rank: Chief

Joined: 5/31/2011
Posts: 5,121
The optimist wrote:
Cde Monomotapa wrote:
1.16% times 1.84% = ??


Thanks for expounding on this tax.smile


Acknowledgments CBS @Cde.Monomotapa for demystifying this one. Cheers smile
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dunkang
#33 Posted : Wednesday, July 03, 2013 10:11:10 AM
Rank: Elder

Joined: 6/2/2011
Posts: 4,824
Location: -1.2107, 36.8831
We want the commision to go down to 1.2% not up to 2.5%!
Receive with simplicity everything that happens to you.” ― Rashi

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Cde Monomotapa
#34 Posted : Wednesday, July 03, 2013 10:14:07 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!
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maka
#35 Posted : Wednesday, July 03, 2013 11:03:23 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Cde Monomotapa wrote:
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!

@Cde any extra charge no matter how small isnt welcomed...exchanges that levy additional taxes take the effort to ensure that the exchange is working like clock work that rules and regulations are followed to the letter,the best practices in corporate governance are followed and investors get value for the money they have invested...if this is done then introduce new taxes...
possunt quia posse videntur
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Cde Monomotapa
#36 Posted : Wednesday, July 03, 2013 12:03:07 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
maka wrote:
Cde Monomotapa wrote:
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!

@Cde any extra charge no matter how small isnt welcomed...exchanges that levy additional taxes take the effort to ensure that the exchange is working like clock work that rules and regulations are followed to the letter,the best practices in corporate governance are followed and investors get value for the money they have invested...if this is done then introduce new taxes...

Understood and pursuant, this very exchange has moved from paper to elec, T+4 to T+3, made the MSCI & FTSE, now REITS & GEMS. Soon demutualisation (can't wait). I think that's progress with more as we go along & GoK has played a big role in all that.
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  | | Edit by user: Wednesday, July 03, 2013 12:06 PM | Reason: Not specified
MaichBlack
#37 Posted : Wednesday, July 03, 2013 1:02:44 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,869
maka wrote:
Cde Monomotapa wrote:
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!

@Cde any extra charge no matter how small isnt welcomed...exchanges that levy additional taxes take the effort to ensure that the exchange is working like clock work that rules and regulations are followed to the letter,the best practices in corporate governance are followed and investors get value for the money they have invested...if this is done then introduce new taxes...

Exactly!!! ANY ADDITIONAL taxes are not welcome!!!

Why? The taxes that we are currently paying are being wasted. Just go through the threads in Club SK! 700m for Kibs office, 100m for DP house, Prados, Residences, MPigs salaries, Grants to buy cars on top of subsidized car loans, house loans etc. etc. Are we supposed to be financing wastage??? The government is not broke. It is being wasteful! Add corruption onto that and you will see how much is going to wastage!

Let Uhuruto get rid of wastage and corruption. The money they will save can be put into proper use. If the money is not enough, they can talk to us then!
Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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maka
#38 Posted : Wednesday, July 03, 2013 7:24:36 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Cde Monomotapa wrote:
maka wrote:
Cde Monomotapa wrote:
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!

@Cde any extra charge no matter how small isnt welcomed...exchanges that levy additional taxes take the effort to ensure that the exchange is working like clock work that rules and regulations are followed to the letter,the best practices in corporate governance are followed and investors get value for the money they have invested...if this is done then introduce new taxes...

Understood and pursuant, this very exchange has moved from paper to elec, T+4 to T+3, made the MSCI & FTSE, now REITS & GEMS. Soon demutualisation (can't wait). I think that's progress with more as we go along & GoK has played a big role in all that.

slow progress...real baby steps.
possunt quia posse videntur
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Aguytrying
#39 Posted : Thursday, July 04, 2013 10:43:48 AM
Rank: Elder

Joined: 7/11/2010
Posts: 5,040
maka wrote:
Cde Monomotapa wrote:
maka wrote:
Cde Monomotapa wrote:
dunkang wrote:
We want the commision to go down to 1.2% not up to 2.5%!

Then let's save & invest more & politick less and use that as a bargaining chip!

@Cde any extra charge no matter how small isnt welcomed...exchanges that levy additional taxes take the effort to ensure that the exchange is working like clock work that rules and regulations are followed to the letter,the best practices in corporate governance are followed and investors get value for the money they have invested...if this is done then introduce new taxes...

Understood and pursuant, this very exchange has moved from paper to elec, T+4 to T+3, made the MSCI & FTSE, now REITS & GEMS. Soon demutualisation (can't wait). I think that's progress with more as we go along & GoK has played a big role in all that.

slow progress...real baby steps.


The increase due to VAT is not so bad, i can live with it if thats the onloy tax that will be added to stocks
The investor's chief problem - and even his worst enemy - is likely to be himself
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King G
#40 Posted : Thursday, July 04, 2013 11:02:03 AM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Let them bring it on, we accept and pay. wonder what they will tax next????
Thieves
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