Legend

Voracious Thinker¦¦Erudite Debater¦¦Mighty Oak¦¦Marxist Raider¦¦Cosmic Storehouse¦¦Digital Sleuth¦¦Indefatigable Critic¦¦Indomitable Writer. #TheEagleClan

[Legend @asknyaora]

💉💉I’m for truth, no matter who tells it.

💉💉I’m for justice, no matter who it is for or against.

💉💉I’m a human being first and
foremost, and as such I’m for whoever and whatever benefits
humanity as a whole.
– Malcolm X

[Legend @asknyaora]

@Lasterbosire Happy Mother's Day, Shemeji

[Legend @asknyaora]

@_fels1 Uwinja maber any day

[Legend @asknyaora]

Men dying in the line of duty is fast becoming disturbingly routine.

A moment of restraint might be wiser than rushing to prove one’s coital wherewithal.

Here is your recipe before aligning on horizontal integration.

[Legend @asknyaora]

You have to admire the wisdom of Mt. Kenya people.

Flawlessly aligning with the timing when it comes to eating and equally decisive when answering the call of nature.

Their precision of discernment is impeccable 👌

[Legend @asknyaora]

I'm only relevant to a convocation of Eagles; however, I'm incompatible with a flamboyance of flamingos.
#TheEagleClan

[Legend @asknyaora]

A casanova married an oenophile, and they sired a sommelier. What a complex food chain of romance.

[Legend @asknyaora]

Who bewitched us? Our African women must wear ugly long dresses. But the rest can show up with whatever is convenient.
#RejectTheConman

[CPA Wachira Joseph @WashiraX]

KRA is not playing with Naivas.

You know Naivas. Hii tu moja.

It was a fully family owned supermarket giant.

When the time came to cash out, the owners weighed their options.

If they sold the supermarket from Kenya, they would pay insane taxes.

So they went shopping for low tax countries. And Mauritius presented itself. It was irresistible.

- 0% tax on sale of the company.

In 2015, the family registered a shell company in Mauritius. Called it NIL.
Then transferred all their shares to this company.

So Naivas was now 100% owned by a Mauritian company.

To make it even tighter, they added another layer.

They set up a second shell company. Called it GFI.
And transferred all NIL shares to GFI.

So now:
• GFI owns NIL
• NIL owns Naivas Kenya
Proper entanglement. Achana na hiyo yako.

As all this is happening, they are unaware of one dangerous sentence sitting quietly in Kenyan tax law.

It reads:

• Any company managed and controlled from Kenya is a Kenyan resident company.

Then the family went looking for a buyer.

In 2020:
• They sold 30% of the supermarket for 5.2B
• By selling 30% of NIL shares

So:
- Naivas is still owned by NIL
- But NIL now has a new shareholder

And everything happened in Mauritius quietly.
Nothing has changed hands in Kenya trigger anything.

• Deal is closed. 0 tax.

Bahati mbaya, KRA caught wind that Naivas is gone.

Immediately, KRA embarked on a fault finding mission.

In 2022, KRA discovered that:

- The family has always lived in Kenya. Not Mauritius.
- They managed and controlled every single operation of the shell companies from Kenya

They invoked the one dangerous sentence.
You remember it?

• Any company managed and controlled from Kenya, is a Kenyan resident company.

KRA said:
• These Mauritius shell companies are Kenyan
• They must pay tax in Kenya

Tax demanded: 30% of 5.2B. Plus penalties

• Total Bill: 1.8B

Naivas ran to court.

The court looked at it, and sided with KRA.

Family wakaabiwa walipe tax.

Case closed!

Lesson.

• Structure your offshore company properly.

• Or KRA will structure it for you.

[Legend @asknyaora]

“Amandla!”

[Legend @asknyaora]

@amerix Africa kills her sun by Ken Saro Wiwa at play. Eloi Eloi lama sabachthani

[Legend @asknyaora]

EFF Leader CIC Julius Malema has been slapped with a 5-year jail term.

[Legend @asknyaora]

The difference in viscosity between kerosene and diesel ⛽️ has prompted EPRA to be hostile to us.

Their argument is very simple. Diesel is thick and a justification to pay more. While kerosene is lighter, hence no effect on pricing.

With petrol ⛽️ your guess is as good as mine.

[Legend @asknyaora]

My first bonus came after faithfully carrying out my midwifery duties.

[Legend @asknyaora]

@amerix When you conscientiously knock someone's daughter up.

Dutifully exercise the parental roles like a priest does on the congregants.

Nurture , nourish, and revere your family tree unapologetically.

[Legend @asknyaora]

Kindly explain to me whar is dhis? Assuming my understanding is like that of Karen Nyamu. Kaende kaende

[Legend @asknyaora]

@amerix The weight of responsibility borne by an ejaculations supercede your coital wherewithal.

Your discretion to yearn for horizontal integration is negated by the outcome of the pay-off table.

If you've to penetrate the ridges that lay side by side. Sheathe, your armoury

[Legend @asknyaora]

The chiefdoms, fiefdoms, and kingdoms have crumbled because of the obvious 🙄

[Legend @asknyaora]

When I run away from the chaotic city, I find solace and tranquillity beside my innocent friends.

We quarrel sometimes, but our friendship is cordial.

[Chukwu Emeka✍️ @AskEmmy0]

I paid my younger brother's university fees for 4 years. Skipped meals. Wore the same shoes for 2 years. Told my girlfriend to wait. She waited.
The day he graduated, he stood up at the party and said:
"I want to thank God and my parents."
I was sitting right there. 🧵

[Legend @asknyaora]

How are we fairing on this landscape? It's an intriguingly delicate phenomenon.