Wazua
»
Investor
»
Economy
»
Fuel to attract VAT
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
|
Just look at how messed Greece is after they decided to follow the guidance and path of IMF. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 11/27/2007 Posts: 3,604
|
sparkly wrote:VAT on fuel is not a proposal. It is law in the VAT Act, 2013. There is a 3 year "resting" period before the fuel becomes Vatable. The Act was introduced by kefake himself. That time UMK was the finance minister! But it hurts the economy, it just leads to lower disposable income which in itself dampens business. They should let it be as 40% of the fuel prices is actually administrative and tax related costs. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
|
|
|
Rank: Elder Joined: 11/27/2007 Posts: 3,604
|
shocks wrote:serious money riding on this, kra could collect over 50 billion shillings annually on this ticket alone, thats money that could tempt any administration into making a wrong decision Now picture 50billion in the circulation in the form of disposable income. It would lead to massive developments as opposed to the tax man collecting and deciding to channel it to a given single investment that needs far much more money with a payback period of a couple of decades. African parents don't know how to say sorry.. the closest you will get to a sorry is a 'have you eaten'
|
|
|
Rank: Member Joined: 3/14/2012 Posts: 577 Location: Nairobi Kenya
|
MaichBlack wrote:Hii watu imeiona kubaff. Even one of the most corrupt organisations, NSSF, wants more money from us. Their partner in crime, NHIF, wants more money. Government, more money. Devolved thugs, more money!!!
Honestly speaking, I am totally tired! This bullshit is too much.
And it is not like the money is going into good use - better equipped schools, better medical care (no more need to go to India or die of treatable diseases), better security etc. We are just financing corruption, greed, confusion etc. For how long???? Totally feeling you on this. Before I die - i will touch the sky!!
|
|
|
Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
|
For this country to wean itself out of IMF and Bretton woods institutions;corruption has to be wiped out else we shall be seeing more of this as time goes by. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
|
|
|
Rank: Elder Joined: 7/26/2007 Posts: 6,514
|
YoungMulla wrote:MaichBlack wrote:Hii watu imeiona kubaff. Even one of the most corrupt organisations, NSSF, wants more money from us. Their partner in crime, NHIF, wants more money. Government, more money. Devolved thugs, more money!!!
Honestly speaking, I am totally tired! This bullshit is too much.
And it is not like the money is going into good use - better equipped schools, better medical care (no more need to go to India or die of treatable diseases), better security etc. We are just financing corruption, greed, confusion etc. For how long???? Totally feeling you on this. Despite this, both of you will vote for your tribal God come next elections. Business opportunities are like buses,there's always another one coming
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,910
|
Ericsson wrote:For this country to wean itself out of IMF and Bretton woods institutions;corruption has to be wiped out else we shall be seeing more of this as time goes by. Kefake had managed to do that. We rarely heard of Ministers going to these institutions with a begging bowl. It is this government taking us back there. Selling us out for a song. What is 63 Billion - in foreign exchange, outer galaxies currency or whatever - to sell our sovereignty for?? We have no other creative mechanisms we can use. Even a proud Kenyan villager will not allow you to call shots in his house just because you gave him a loan! "I will give you the loan but you will have to move your son to a day school bla bla bla...". He will tell you to go to hell! Mama mboga knows she cannot suddenly start selling her cabbages at 200/= although the figure looks 'better' that the 50/= she currently sells them at. She knows soon enough she will have empty pockets! You don't slaughter the goose that lays the golden egg. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,910
|
KulaRaha wrote:YoungMulla wrote:MaichBlack wrote:Hii watu imeiona kubaff. Even one of the most corrupt organisations, NSSF, wants more money from us. Their partner in crime, NHIF, wants more money. Government, more money. Devolved thugs, more money!!!
Honestly speaking, I am totally tired! This bullshit is too much.
And it is not like the money is going into good use - better equipped schools, better medical care (no more need to go to India or die of treatable diseases), better security etc. We are just financing corruption, greed, confusion etc. For how long???? Totally feeling you on this. Despite this, both of you will vote for your tribal God come next elections. @ KulaRaha - You don't know me!! Do yourself a favour and stick to things you remotely understand. Don't judge others based on your standards and modus operandi! Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Member Joined: 4/20/2012 Posts: 888
|
No one would try it. It is a political suicide; come 2017.
|
|
|
Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
|
What if IMF & Co.funded the SGR? I can't even begin to think of the preconditions
|
|
|
Wazua
»
Investor
»
Economy
»
Fuel to attract VAT
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|