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Fall in Purchasing Power
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Monk
#1 Posted : Friday, April 27, 2018 7:23:14 AM
Rank: Member


Joined: 7/1/2009
Posts: 247

https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html

This 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.html

How 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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Drobos fly
#2 Posted : Friday, April 27, 2018 12:52:21 PM
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Joined: 4/24/2012
Posts: 331
Location: Vantage point
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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Mukiri
#3 Posted : Friday, April 27, 2018 1:50:55 PM
Rank: Elder


Joined: 7/11/2012
Posts: 5,222
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

Proverbs 19:21
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Swenani
#4 Posted : Friday, April 27, 2018 2:51:02 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Monk wrote:

https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html

This 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.html

How 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?



which paradox? The kenyan economy added 800K jobs in the last one year

Quote:
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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Monk
#5 Posted : Saturday, April 28, 2018 7:24:46 AM
Rank: Member


Joined: 7/1/2009
Posts: 247
Swenani wrote:
Monk wrote:

https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html

This 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.html

How 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?



which paradox? The kenyan economy added 800K jobs in the last one year

Quote:
Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs.




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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obiero
#6 Posted : Thursday, May 03, 2018 9:39:15 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Monk wrote:
Swenani wrote:
Monk wrote:

https://www.businessdailyafrica.com/analysis/editorials/Restrain-from-loading-taxes-on-primary-goods/4259378-4532146-93l6x7/index.html

This 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.html

How 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?



which paradox? The kenyan economy added 800K jobs in the last one year

Quote:
Kenya’s economy shrugged off prolonged election jitters and a biting drought to create more than 800,000 jobs.




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

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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obiero
#7 Posted : Thursday, May 03, 2018 9:48:20 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,475
Location: nairobi
Let me leave this here https://www.businessdail...43518-r7fqt6z/index.html

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 15,750 ABP 6.45
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Ericsson
#8 Posted : Thursday, May 03, 2018 9:56:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
I leave this here too

https://www.businessdail...43854-xr3sqjz/index.html
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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wukan
#9 Posted : Friday, May 04, 2018 9:47:39 AM
Rank: Veteran


Joined: 11/13/2015
Posts: 1,568
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 againd'oh!
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Monk
#10 Posted : Saturday, May 05, 2018 5:54:53 PM
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Joined: 7/1/2009
Posts: 247
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Ericsson
#11 Posted : Monday, May 07, 2018 2:23:28 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
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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Swenani
#12 Posted : Monday, May 07, 2018 3:05:54 PM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Habari ndio hiyo

Quote:
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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Ericsson
#13 Posted : Wednesday, May 09, 2018 6:18:55 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
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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Wororo
#14 Posted : Wednesday, May 09, 2018 9:29:29 PM
Rank: Member


Joined: 1/30/2011
Posts: 207
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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Ericsson
#15 Posted : Thursday, May 10, 2018 12:38:24 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
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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Swenani
#16 Posted : Tuesday, May 15, 2018 11:23:29 AM
Rank: User


Joined: 8/15/2013
Posts: 13,236
Location: Vacuum
Rotich

Quote:
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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Ericsson
#17 Posted : Tuesday, May 15, 2018 11:47:50 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,639
Location: NAIROBI
Swenani wrote:
Rotich

Quote:
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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jgithige
#18 Posted : Tuesday, May 15, 2018 12:39:10 PM
Rank: Member


Joined: 7/10/2014
Posts: 145
Location: Nairobi
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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kediveKed
#19 Posted : Tuesday, May 15, 2018 1:21:53 PM
Rank: New-farer


Joined: 3/28/2016
Posts: 36
Location: nairobi
Swenani wrote:
Rotich

Quote:
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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mulla
#20 Posted : Tuesday, May 15, 2018 2:34:50 PM
Rank: Member


Joined: 6/15/2013
Posts: 301
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.

Laughing out loudly Laughing out loudly 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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