π¨A man spends 50 years teaching at MIT.
He knows his time is running out.
So he records one last lecture β everything he knows, distilled into a single hour.
He died 5 months later.
This is that lecture.
The most important hour you'll watch this week. π
Bookmark it for later
BREAKING VIDEO: Kenyaβs Sabastian Sawe becomes the first person ever to win a regular marathon in under two hours, setting a new world record at the London Marathon in 1:59:30!
Kenyans invented runningβ’
Kiambu County has shown KRA dust.
KRA audited the county.
And found the county was collecting serious money from:
- Parking fees
- Business licenses
- Market fees
- Renting stalls
- Renting stadia
- And other county fees
Then KRA asked:
- Where is our VAT?
- If you charge 10,000 for stalls
- You should have added 16% VAT
So Kiamburians should have paid: 11,600
And the extra 1,600 goes to KRA.
But Kiambu did not charge VAT. So KRA became dramatic and said:
- No problem. You'll give us that VAT from your own county coffers.
It is at that moment that, Gov Wamatangi knew hii si mchezo.
He ran to court.
He argued:
- The county is not a business entity.
- It is a government unit performing public functions
- It does not operate for profit
- The county fees charged are already a form of tax
- Charging VAT on them is double taxation
- It is illegal
The court agreed.
And KRAβs VAT demand was set aside.
This is a big precedent.
It means:
- County services should not be inflated by VAT.
- Public services are not businesses to charge 16% VAT.