Published by Verified by 16 de julio, 2024 Until today, beyond his usual promises that he will make “America great again,” former President Donald Trump was very cautious about revealing his economic policy for a potential second term. But now we do have a clearer idea: if he beats Joe Biden in November, the most … Read more
Expenditure on furniture ordered from foreign countries by Kenyan traders and households has continued to grow by double-digit rates despite increased taxation and government directives requiring agencies to cut imports. About Sh8.69 billion was spent on furniture, beddings, mattresses, and furnishes in the nine months through March 2024 following the application of 45 percent import … Read more
The Kenya Revenue Authority (KRA) missed its target for the full year ended June by Sh267 billion, hurt by reduced corporate profits and job cuts in a period when businesses were devastated by the depreciation of the shilling and high energy prices. The taxman collected Sh2.22 trillion in ordinary revenue, an increase of 9.5 percent … Read more
Bloomberg | Jun 26, 2024 04:09 PM IST Share Via Copy Link Already haunted by a history of company collapses, Kenya’s moribund corporate bond market risks a fresh setback from authorities plans for a withholding tax on green bonds. Already haunted by a history of company collapses, Kenya’s moribund corporate bond market risks a fresh … Read more
Prince William and the Princess of Wales released an emotionally charged video ahead of their appearance at this year’s Trooping the Colour parade. The footage, shared on their official social media pages, captures a tender moment between Princess Kate and their daughter, Princess Charlotte..
Michael Welu worked at the IRS for decades as a specialist in helping agents identify and investigate possible tax crimes. In an agency known for offices working in their own silos, Welu had the rare ability to move between divisions, dissecting and learning each office’s particular customs and procedures. But that experience had its own … Read more
Fred Ayton, a Royal Navy veteran, was an 18-year-old able seaman torpedoman on HMS Sweetbriar during the D-Day invasion on June 6, 1944. He was told he was “making history” by taking part in the biggest ever seabourne invasion.
President William Ruto believes that Kenyans are not overtaxed, citing the concept of ‘tax effort’ as a measure of tax revenue as a percentage of GDP. He argues that the government needs to increase tax effort to fund infrastructure projects and meet international standards for service delivery. However, he criticizes the reliance on IMF advice and GDP statistics, pointing out data quality issues and the impact of high taxes on citizens and businesses. Ruto suggests assessing the impact of taxes on the cost of living through household surveys to determine if Kenyans are indeed overtaxed.
The former CEO of Fat Brands Inc. was indicted on federal charges for concealing million in income from the IRS and dodging taxes. He allegedly used company funds for personal expenses like a Rolls Royce and luxury items.
Russian President Vladimir Putin has ordered his military to practice the deployment of tactical nuclear weapons in response to perceived threats from France, Britain, and the United States. The drills will involve missile forces in the Southern Military District, alongside aviation and navy units, with Belarus also participating. The significance lies in linking the drills to current tensions, with mock warheads likely to be used in training exercises. The message is seen as nuclear signaling to deter NATO and the West from escalating the conflict in Ukraine. There is speculation about Russia’s potential use of tactical nuclear weapons defensively, rather than offensively on the battlefield.