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Ruto: Jubilee has failed in 2nd term
The DP further claimed the Standard Gauge Railway (SGR) project has been hijacked by profiteers.
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THE STANDARD By
Dominic Omondi |
February 2nd 2021 at 07:39:40 GMT +0300
A weak shilling and a host of disruptive factors in some of the country’s key source markets have led to a spike in retail prices. [Standard, file]
What started as a rumour of a sharp increase in the prices of cooking oil quickly turned into a protest, as the kitchen crisis worsened.
As expected, most shoppers were incensed by the “greedy” retailers. No one blamed the market. Perhaps because the market is abstract and distant.
Few Kenyans care about what is “cooking” in the swathes of palm oil plantations in the two islands of Borneo and Sumatra in Asia. They only care for what is cooking in their kitchen.
There is now hope of Kenyan female entrepreneurs gaining more traction in the African continent’s trade sector as the African Union’s flagship project of a free trade zone takes effect.
Beginning January 1, 2020, a total of 35 countries inclusive Kenya began to trade under African Continental Free Trade Area (AfCFTA) agreement, which eliminates or lowers tariffs and non-tariff barriers.
Kenya, unlike Ghana, Egypt and South Africa, is yet to establish a customs module corresponding to the pact. It is, however, expected to establish modalities in the meanwhile to protect the exporters from bearing the cost of the defunct cross-border procedures and taxes.
KRA eyes citizen tips in Sh894bn tax drive
Monday January 25 2021
By CONSTANT MUNDA
Summary
The KRA says it expects increased participation by the public in reporting tax cheats and its staff who abet tax evasion and bribery when it finally rolls out a web-based anonymous reporting system within this half.
The taxman has been relying on walk-ins or e-mails and telephone calls made through KRA’s Complaints and Information Centre for tips.
The Kenya Revenue Authority (KRA) is banking on intelligence tips by the public to help it expand the tax net as it faces the herculean task of raising nearly Sh900 billion in the second half of the current fiscal year ending June on the back of a double-digit shortfall in tax receipts in the first half ended last month.
THE STANDARD By
Dominic Omondi |
January 24th 2021 at 00:00:00 GMT +0300
Times tower building in Nairobi which hosts Kenya Revenue Offices (KRA). [Wilberforce Okwiri, Standard]
President Uhuru Kenyatta’s grand dream of boosting the manufacturing sector to create millions of jobs for unemployed youth seems to be in shambles.
And now his administration wants out of the plan to support local manufacturing firms with a mixture of tax incentives, low tariffs and bailouts because they have become dead weight.
Several studies have shown that these companies have not increased investments, exports or jobs despite enjoying the tax breaks.
Already, the National Treasury has rolled back several tax holidays enjoyed by some of the firms, including those in the Export Processing Zones (EPZ) after it became apparent that taxpayers were getting a raw deal.