MaichBlack wrote:S.Mutaga III wrote:mlennyma wrote:What annoyed me is mr.rotich's perception that equities are traded by rich pple,he sounded very mis informed and lost.if they cared for the local hustler they could have fixed the tax to apply for a gain exceeding 500k or even 200k
Thats unfair still...the tax should be on a gain exceeding 2 million. Any gain above 2 million would effectively net rich jamaas and foreigners but not Wanjiku
Do you think someone who taxes milk, medicine and other basic things cares about Wanjiku? They want to SEEM as if the care about Wanjiku but they DON'T. They know exactly what they are doing.
Let's face it, we are a country run by educated people who lack basic wisdom or are so corrupt they cannot think far. I guess it's the latter. How do you impose a tax like CGT without clarifying the base year. Some people have shares and land inherited for generations. How will CGT be calculated for land one has held for ,50 yrs and now decides to sell.
I suspect the reason for such lackadaisical approach to legislation is so that Wanjiku gets slaughtered while the rich who can hire lawyers to defend their interests will go Scot free.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.