COA nullifies Finance Bill 23/24

The.Black.Templar said:
They need to be creative and stop being lazy in how they source for funds
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You sound like the Gen Z's. You can critisize but when it comes to providing solutions hamna.

Where else do you source funds other than from taxes and debt? If they are not going to borrow, what do they tax more to service interest?
 
Denis Young said:
You sound like the Gen Z's. You can critisize but when it comes to providing solutions hamna.

Where else do you source funds other than from taxes and debt? If they are not going to borrow, what do they tax more to service interest?
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Sir ,if I may ask .Do you think we are headed in the right direction (ignore the Gen Z and court nullification) ?
 
Denis Young said:
You sound like the Gen Z's. You can critisize but when it comes to providing solutions hamna.

Where else do you source funds other than from taxes and debt? If they are not going to borrow, what do they tax more to service interest?
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The government has money, if well planned and reduction of unnecessary expenditure done, i doubt the country should struggle as much as they are making it sound. If tax has to be increased let them target facilities that can net in the largest population so that the increases can be minimal
 
The.Black.Templar said:
The government has money, if well planned and reduction of unnecessary expenditure done, i doubt the country should struggle as much as they are making it sound. If tax has to be increased let them target facilities that can net in the largest population so that the increases can be minimal
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While at it , there is a very large population that don't pay taxes or pay very little a very good example is landlords .Those need to be onboard .
Mtaani pia make shops ,hardware and supermarkets don't give a fiscal receipt so most probably they remit little or no taxes .
 
zapp_brannigan said:
While at it , there is a very large population that don't pay taxes or pay very little a very good example is landlords .Those need to be onboard .
Mtaani pia make shops ,hardware and supermarkets don't give a fiscal receipt so most probably they remit little or no taxes .
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Si landlords wanalipa rental income tax on gross as a final tax
 
The.Black.Templar said:
The government has money, if well planned and reduction of unnecessary expenditure done, i doubt the country should struggle as much as they are making it sound. If tax has to be increased let them target facilities that can net in the largest population so that the increases can be minimal
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If the government had money we would not be running a near 1 Trillion budget deficit. We have now hit our borrowing ceiling, so the only option is to increase revenues.

How then do you raise revenues in a country where the economy is largely informal? How do you net the person deep in the village running a successful milk farm and submits nil returns?
 
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