Brace for GOOD TIMES

[gashwin]

@Mr Black

Not when your revenue collection is sluggish with tge taxman perenially missing targe

As we have heard just one comment above you tax collection cannot be upbeat where businesses are dying. Admittedly, there have also been a lot of leakages in tax collection and this is why so many KRA officers walisanyasanywa. Let’s hope the measures put in place will yield some fruit…if they are not sabotaged by the agents of corruption.

[Okiya]

Companies that listed on Nairobi stock exchange during Kibakis tenure

1. Equity
2. Cooperative bank
3. Kengen
4. Eveready
5. I&M
6. Umeme
7. Britam
8. Kenya Re
9. Longhorn Publishers
10. Scan group
11. Transcentury
12. Safaricom

Under Uhuru
1.Atlas African Industries
2. Deacons
3. Nairobi Business ventures
4. Home Africa
5. Kurwitu Ventures
6. Nairobi Securities Exchange
7. Flame Tree

[gashwin]

@Kilpatrick

So even 70% taxation can not help anything?

There’s a threshold beyond which you cannot tax the income of businesses…otherwise you increase the risk of tax evasion or ultimate closure of the business and/ or capital flight ie investors choose to move to other jurisdictions with more friendlier taxation regimes…

[system]

@sani

Very nice. Nguruwe hujikaanga na mafuta yake mwenyewe

Don’t forget your Ruto guy is in the mix and is stealing most of the borrowed money.Nguruch

[Super_Tall]

@Mimi Huwa Namwaga Ndanii

Here is a short story for those who need a sneak peak of the situation on the ground

"I observe on a daily basis the business and economic environment in the Counties and just by looking around me, things are really getting bad in Kenya, the country’s economy is just heading south.

A few minutes ago I was in a shop buying Airtel credit and I was waiting for the customer before me to get served, I heard her talking with the shopkeeper wondering when the price of cooking oil went up, the saddened look on her face when the shopkeeper told her that since last week some basic commodities went up, she wanted to buy the commodity on credit, she contemplated hard, did her maths and painfully bought it, the shopkeeper proceeded to explain to her that it’s not her wish that they (the small-scale traders) have to adjust with the harsh economic times, they talked and the lady went back to her house with a sigh.

In Kirinyaga & Embu Counties I’ve noticed a trend where someone opens up a shop, a cyber cafe, a hotel, an Mpesa shop, a fast food joint etc then within weeks of operation they close, you walk around and you see once occupied business premises are now empty, they remain empty for weeks, even months. Unemployed people have been reduced to “trial and error” kind of hustles. You see women flocking at night from 6.00pm to sell third rate mitumbas by the roadsides simply because their day hustles are not enough to meet their needs and their children’s.
Young men are complaining in frustration about Sportpesa and other big gambling firm’s inactivity as a result of current politics because they are not only addicted to gambling but they hopelessly see this as a reliable means of income. So many young youthful men in the counties have become alcoholic junkies passing time in muguka bases and drinking themselves silly if they get a few coins at night and they call it a day, every week it’s wash, rinse and repeat. Young women continue to be single mothers because the men have become masters in the houdini craft of escape artistry, escaping their fatherly responsibilities.

Nobody should lie to you, nothing is going on in the Counties, just slavery, servitude, hopelessness, desperation and poverty for the vast majority of citizens here, if you do your research or if you keenly observe it’s evident that County funds which are to the tune of billions are just going to the pockets of a few.
The economic environment in Kenya is really BAD & it is just getting worse by each passing day, just look around you."

Siasa mbaya, maisha mbaya.
I resigned myself to the realities of living in the 3rd world long ago. I no longer care. It’s a circus.

Ironically, if we were to organise elections now, the same people who are suffering would vote in the same mis-leaders who continue to rob the country of it’s future.

Just compare the talking points in a Kenyan election and those in an election in an industrialised country and you realise the source of our problems;
[ul]
[li]Kenya - uganga, our tribe, mega projects, insults[/li][li]Industrialised - unemployment, healthcare, economic growth, sovereignity, trade, immigration etc[/li][/ul]
Things that would result in real gains for Kenyan people like unemployment rate, industrialisation and trade are never discussed. I would not be surprised if Uhuru does not even know the current unemployment rate.

I’ve long believed Kenyan people have a contract with those they elect - steal and give us handouts.

[system]

@Mimi Huwa Namwaga Ndanii

Muzee, acha nikusaidie hapa. U are proving to be quite slow. The external public debt has hit the KShs 3 trillion mark for the first time in history. This means a depreciation of Kenya shilling by a single shilling will increase our debt by KShs 30 billion without us having to borrow a single extra shilling.

His processor has overheated.
Did one need to read this to know we are headed for a bumpy ride.

[system]

@Thiem

@gashwin represents the kikuyu rural folks who are always supportive of this regime they voted in regardless how its doing badly…thats exactly what Uhuru knows…hata aibe ngapi…aombe trillions …utapata gashwin and the rest ready to defend him

I dont know why you guys keep wasting time with Gashwin. He admitted here that he is paid by the regime to help spread their propaganda. Hamjawahi jiuliza why people like @Nattydread @Soprano @Meria Mata who campaigned for Jubilee ended up bitter? Juu waliambulia patupu. Gashwin na Spear wao bado wanalipwa

[system]

@Thiem

@gashwin represents the kikuyu rural folks who are always supportive of this regime they voted in regardless how its doing badly…thats exactly what Uhuru knows…hata aibe ngapi…aombe trillions …utapata gashwin and the rest ready to defend him

He knows the govt is fckued up but still want to clutch onto the already weak straw

[Soprano]

@Deorro

I dont know why you guys keep wasting time with Gashwin. He admitted here that he is paid by the regime to help spread their propaganda. Hamjawahi jiuliza why people like @Nattydread @Soprano @Meria Mata who campaigned for Jubilee ended up bitter? Juu waliambulia patupu. Gashwin na Spear wao bado wanalipwa

But I was not expecting anything myself. I genuinely believed raila would destroy our country, only for him to be co opted in the government behind our backs. But that’s a negligible issue compared to the pain we are going through because of the way they have disrupted our businesses. Importers are a bitter lot.

[system]

@gashwin

You are wrong and you know it and there is nothing I can do about your opinion so keep shouting it from the rooftop…ukichoka go look for some kuon to re-energize.
By the way, was that the only contribution yo could make to this economics thread?

Calling you out is part of contribution.

[system]

@Soprano

But I was not expecting anything myself. I genuinely believed raila would destroy our country, only for him to be co opted in the government behind our backs. But that’s a negligible issue compared to the pain we are going through because of the way they have disrupted our businesses. Importers are a bitter lot.

you believed in that Cambridge Analytica propaganda eti Raila will destroy the country. If you were very keen you would have realised that it was a well-coordinated move. mambo ya siasa if you are not being paid kaa mbali. Akina Chamwada and Alai were paid Millions siku hizi their businesses are thriving

[Mindhunter]

@Kilpatrick

Let me ask a layman question.

If the govt recalls all the money in our circulation,can we repay all our debts?

You are sheep, if this is your default thinking mode

[sani]

@Kimakia

Don’t forget your Ruto guy is in the mix and is stealing most of the borrowed money.Nguruch

Ruto is stealing because he has a heavy task ahead that requires money. A revolution must be financed through whatever means. Once he is in power moi family will have to surrender all looted monies,

[gashwin]

SMH. we didn’t require Cambridge Analytica to know that is a good for nothing fellow. And some of us have known him, and of him, since 1982.

[Soprano]

@Deorro

you believed in that Cambridge Analytica propaganda eti Raila will destroy the country. If you were very keen you would have realised that it was a well-coordinated move. mambo ya siasa if you are not being paid kaa mbali. Akina Chamwada and Alai were paid Millions siku hizi their businesses are thriving

Unfortunately, Raila and his brigade never did anything to help the situation or negate the notion. In fact, on the contrary, he did things that only the stounchest of supporters agreed with.
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[Amused]

@Yunomi

Naona they will have to tax TV viewership and radio listenership next because everything else has been taxed to the bone marrow.
Halafu bicycle riders will need a licence

:D:D:D umeongeza chumvi hapo

[bouss]

Jobless youth waingie mungiki halafu mido class billionaire akitoka kulamba fake jameson yake ni kunyongwa tu.

[BAOBAB1]

@Mediocre

GDP imepanda to $100 billion, so cut the alarm on increasing percentages, and stop blindly listening to sensational writers who assume that GDP doesn’t grow with growing debt.

Upuss, gdp was just rebased in 2013 to enable juliet borrow more than it could service. If gdp in reality was 100bill kra wangepata taxes to repay the debt. The gdp debt percentage is probably 80 percent the way that govt is having a problem servicing its debts
[MEDIA=twitter]1151735242702696448[/MEDIA]

[system]

@Soprano

Unfortunately, Raila and his brigade never did anything to help the situation or negate the notion. In fact, on the contrary, he did things that only the stounchest of supporters agreed with.
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why were the police dispersing his supporters yet they were not interfering ith anyone’s business?

In 2013 Raila used to hold such rallies, including the time he went to US for a months sabbatical and on arrival was received by such crowds. even had that SasaSAba Rally where people did not go to work and nothing happened. His supporters just attended those rallies and went back home without messing with anyone’s property. So why were the Police attacking them for no reason in 2017?

if he was as bad as you guys claim then why is the current regime which you voted for working with him? stop being in denial and admit you fell for akina Alai and Itumbi’s propaganda

[Mediocre]

@BAOBAB1

Upuss, gdp was just rebased in 2013 to enable juliet borrow more than it could service. If gdp in reality was 100bill kra wangepata taxes to repay the debt. The gdp debt percentage is probably 80 percent the way that govt is having a problem servicing its debts
[MEDIA=twitter]1151735242702696448[/MEDIA]

I’m willing to bet it’s more than $100 billion since the informal sector is largely unmapped. KRA’s inability to collect taxes doesn’t have any bearing on the size of the economy. If anything only 3 million out of the 20 million adults pay real taxes, and they’ve only started implementing these measures juzi juzi tu, some like an online etr system imetokea last month tu.