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KRA Billion Shillings Debtors
2012
#1 Posted : Wednesday, February 06, 2019 7:34:34 PM
Rank: Elder


Joined: 12/9/2009
Posts: 6,227
Location: Nairobi
So, can someone in accounts here please explain how these companies like Ukwala, Mastermind, Nakumatt, Zuku, Keroche, Mumias, banks etc ended up owing KRA billions of Shillings? How did KRA fail to arrest the situation and allowing it to get here? Or is most of the money owed due to accumulation of penalties over time? How comes no one gets prosecuted?

One thing is clear about Kenya, taxes are for enriching thieves.
murchr
#2 Posted : Wednesday, February 06, 2019 11:20:04 PM
Rank: Elder


Joined: 2/26/2012
Posts: 14,253
2012 wrote:
So, can someone in accounts here please explain how these companies like Ukwala, Mastermind, Nakumatt, Zuku, Keroche, Mumias, banks etc ended up owing KRA billions of Shillings? How did KRA fail to arrest the situation and allowing it to get here? Or is most of the money owed due to accumulation of penalties over time? How comes no one gets prosecuted?


Who do you arrest in a LIMITED company?
"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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