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Fall in Purchasing Power
Rank: Member Joined: 7/1/2009 Posts: 269
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https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.htmlThis is apparent from the fall in patronage at restaurants in the CBD, and other businesses across the city. Yet our labour costs are driving some businesses to close shop or relocate to other countries. https://www.businessdailyafrica.com/news/jobs-at-risk-as-James-Finlay-closes-Kericho-flower-farms/539546-4532308-g06rtn/index.htmlHow does one resolve this paradox? Is our inflation higher than the levels reported, and perhaps the cause of this situation? Are recent Tax reforms (Excise, VAT etc) the cause?
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Rank: Member Joined: 4/24/2012 Posts: 331 Location: Vantage point
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It is difficult to drive inflation down in growing and thriving corruption that factors quite a bit into it. I see it as an eventuality not a single event occurrence.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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I'm of the opinion that people are finally getting their priorities right. That, devolution and an improved infrastructure. Take for instance in construction. Kenyan's are all about stone and mortar when we are blessed with much cheaper and lasting alternatives. Mud huts have stood the test of time, why do we subject ourselves to destructive quarries and very expensive stone? Devolution is making other counties more attractive prompting a reversal of the rural-urban migration as is improved infrastructure like roads and rail, making people shun the crowded and overly inflated apartments for suburbans... your Rongai and Kitengela. Moreover, restaurants are all about junk food and unhealthy oils.. about time people carried packed lunches and used the savings to get out of the rat-race
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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which paradox? The kenyan economy added 800K jobs in the last one yearQuote:Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs. If Obiero did it, Who Am I?
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Rank: Member Joined: 7/1/2009 Posts: 269
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I first noted the trend of missing customers in eateries at one of the suburbs. I figured this was a byproduct of the cash crunch affecting the informal workers after the rate caps. When I saw the same trend in the CBD, I was baffled. The patrons here are presumed to be formal workers, whose salaries are normally adjusted for inflation annually. And i don't buy the argument that they all suddenly woke up and decided to adopt healthier lives by carrying home-cooked packed lunch.
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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Monk wrote:I first noted the trend of missing customers in eateries at one of the suburbs. I figured this was a byproduct of the cash crunch affecting the informal workers after the rate caps. When I saw the same trend in the CBD, I was baffled. The patrons here are presumed to be formal workers, whose salaries are normally adjusted for inflation annually. And i don't buy the argument that they all suddenly woke up and decided to adopt healthier lives by carrying home-cooked packed lunch. Seems that there's still pockets of affluence https://www.businessdail...43636-12na3gb/index.html
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 6/23/2009 Posts: 13,746 Location: nairobi
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Let me leave this here https://www.businessdail...43518-r7fqt6z/index.html
COOP 255,000 ABP 15.85; IMH 5,000 ABP 35.55; KQ 604,200 ABP 6.96; MTN 23,800 ABP 5.20
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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I leave this here too https://www.businessdail...43854-xr3sqjz/index.htmlWealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Veteran Joined: 11/13/2015 Posts: 1,612
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Quote:commissioner-general John Njiraini had in a statement to newsrooms described the 16.3, 16.0 and 11.2 per cent drop in duty collected from beer, cigarettes and spirits, respectively, in six months to December as “unusual”. https://www.businessdail...1602-8evg9wz/index.html
GoK is still planning to raise excise taxes once again 
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Rank: Member Joined: 7/1/2009 Posts: 269
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Brent crude oil has crossed the $75 a barrel Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Habari ndio hiyoQuote:The Treasury has said it expects Pay-as-you-Earn (PAYE) taxes to grow by Sh68 billion to Sh447.6 billion in the coming fiscal year, signalling its determination to push through the long promised review of the income tax law. Very soon we shall be buying a litre at 150 bob if crude oil goes back to $100 territory Quote:ased on the prevailing price of Sh106.83 for a litre of petrol, the 16 per cent tax would raise the cost of the commodity to a record high of Sh124 per litre, while the price of diesel would go up to Sh113.50 from Sh97.86 a litre. If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Brent crude oil at $77 a barrel. Prepare for ksh.115 a liter Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 1/30/2011 Posts: 207
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Ericsson wrote:Brent crude oil at $77 a barrel.
Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking...
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Wororo wrote:Ericsson wrote:Brent crude oil at $77 a barrel.
Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... VAT will be deferred at the current oil prices Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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RotichQuote:Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/4/2009 Posts: 10,776 Location: NAIROBI
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Swenani wrote:RotichQuote:Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? Hardwork in GoK is alien Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 7/10/2014 Posts: 145 Location: Nairobi
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Wororo wrote:Ericsson wrote:Brent crude oil at $77 a barrel.
Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... In recent times on our roads V8s are tryin to catch up with fielders. You can hardly drive for 5 min especially in NBO without spotting one. "Blowing out someone else candle won't make yours shine brighter"-Anonymous
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Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi
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Swenani wrote:RotichQuote:Treasury secretary Henry Rotich has hit Kenya’s big earners with a 35 per cent top tax rate as part of the quest increase income tax revenues by Sh68 billion. Why is he punishing hardwork? Punishing hard work? it's only fair that those who earn more should get taxed more. Simple.
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Rank: Member Joined: 6/15/2013 Posts: 301
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jgithige wrote:Wororo wrote:Ericsson wrote:Brent crude oil at $77 a barrel.
Prepare for ksh.115 a liter Plus VAT come Sept it'll be circa 150/= ... Time to reconsider owning guzzlers... And disposing them might be quite nerve racking... In recent times on our roads V8s are tryin to catch up with fielders. You can hardly drive for 5 min especially in NBO without spotting one.  True....we live in a showing off culture...many of these guys live in rentals and have purchased the cars on loans.....
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