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hisah		#111 Posted : Wednesday, January 28, 2015 7:59:57 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		This CGT is DoA. GoK will realize this is not a war worth fighting for. Forcecul implementation will crash the market. I don't think treasury is that stupid to do so. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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derick		#112 Posted : Wednesday, January 28, 2015 9:43:07 AM
Rank: Member Joined: 1/10/2015 Posts: 411		hisah wrote: This CGT is DoA. GoK will realize this is not a war worth fighting for. Forcecul implementation will crash the market. I don't think treasury is that stupid to do so. So you are telling us that the government has withdrawn cgt? Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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Realtreaty		#113 Posted : Wednesday, January 28, 2015 11:55:38 AM
Rank: Elder Joined: 8/16/2011 Posts: 2,389		They should have come with the Idea of instituting a Gain tax on heavy traders moving over 30,000 shares atime and not the poor wanjiku selling her 500 shares. This will ryme on what happens to tax on large land and housing estates being sold. Parliament brought this to curb land speculation and I wonder why it was introduce to stock market without limits as in land and housing. The same Govt does not restitute on losses!!!!
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Othelo		#114 Posted : Wednesday, January 28, 2015 12:03:15 PM
Rank: User Joined: 1/20/2014 Posts: 3,528		Court gives stockbrokers, KRA one week to negotiate http://www.businessdaily.../-/s5ogo1z/-/index.html Formal education will make you a living. Self-education will make you a fortune - Jim Rohn.
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derick		#115 Posted : Wednesday, January 28, 2015 8:34:13 PM
Rank: Member Joined: 1/10/2015 Posts: 411		Othelo wrote: Court gives stockbrokers, KRA one week to negotiate http://www.businessdaily.../-/s5ogo1z/-/index.html They should scrap it off Your income is directly related to your philosophy, Not the economy.-Jim Rohn
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mlennyma		#116 Posted : Wednesday, January 28, 2015 9:13:10 PM
Rank: Elder Joined: 7/21/2010 Posts: 6,194 Location: nairobi		derick wrote: Othelo wrote: Court gives stockbrokers, KRA one week to negotiate http://www.businessdaily.../-/s5ogo1z/-/index.html They should scrap it off the tax is coming to make brokers poorer "Don't let the fear of losing be greater than the excitement of winning."
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hisah		#117 Posted : Wednesday, February 04, 2015 7:48:24 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		derick wrote: hisah wrote: This CGT is DoA. GoK will realize this is not a war worth fighting for. Forcecul implementation will crash the market. I don't think treasury is that stupid to do so. So you are telling us that the government has withdrawn cgt? A DOA scenario is easy to spot anytime - http://www.businessdaily...-/12fsh1tz/-/index.html And then the market effects due to this CGT faceoff - http://www.businessdaily...0/-/4n0j1k/-/index.html CGT is not the issue, but implementation. GoK is forgetting capital has no loyalty. Capital dislikes uncertainity. Uncertainity leads to capital flight. Capital flight leads to less tax revenue. Then what...? GoK should study zimbabwe and france as they went on a taxing spree. Deflation follows as demand evaporates... This also reminds me of WHT (15%) on dividends as low as KES 100. Senseless is an understatement... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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shrewdinvestor		#118 Posted : Wednesday, February 04, 2015 8:07:26 AM
Rank: Member Joined: 9/12/2014 Posts: 120 Location: Nyali		someone should punch some sense into GOK's head.They should just look at the volumes/activity in December and January and realize how their CGT is wrecking havoc!Investors avoid tax like plague!
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mkeiy		#119 Posted : Wednesday, February 04, 2015 8:35:02 AM
Rank: Member Joined: 1/27/2012 Posts: 851 Location: Nairobi		shrewdinvestor wrote: someone should punch some sense into GOK's head.They should just look at the volumes/activity in December and January and realize how their CGT is wrecking havoc!Investors avoid tax like plague! The brokers are not helping either, my broker withheld 5% of the sell PROCEEDS, claiming they are not sure of how to calculate the capital gain. CRAZY!
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littledove		#120 Posted : Wednesday, February 04, 2015 8:55:54 AM
Rank: Veteran Joined: 7/1/2014 Posts: 928 Location: sky		http://www.businessdailyafrica.com/Capital-gains-tax-row-hits-foreign-inflows-at-NSE--/-/539552/2612050/-/4n0j1k/-/index.html shrewdinvestor wrote: someone should punch some sense into GOK's head.They should just look at the volumes/activity in December and January and realize how their CGT is wrecking havoc!Investors avoid tax like plague! There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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