Edward Paranta

Harvard LLM’19|Advocate of the High Court of Kenya|Tax Advisor|Livestock Farmer

[Edward Paranta @OleParanta]

@StrathmoreLaw @Harvard_Law @Mnyagadominic Very well done Dominic.

[Julians Amboko @AmbokoJH]

The Tax Appeals Tribunal has issued a significant & extremely consequential judgement.

The Tribunal has essentially turned Legal Notice 37/2011 on the guidelines on the allowability of bad deb on its head & sent the banking sector back to the drawing board.

The idea that bad debt are wholly & exclusively incurred in the normal course of business & therefore not deemed as being capital in nature has been thrown out.

In its determination in Appeal No.E1149/2024, the Tribunal has determined that the principal component of a loan facility is capital & therefore not eligible for deductible purposes in the event that a loan is written off.

The Tribunal has argued that the Principal is a financial asset that is deployed in generating interest.

This portends significant, & extremely grave, implications for the banking sector & the economy as a whole.

Inevitably, banks will recalibrate their risk posture in the market in view of this.

[Edward Paranta @OleParanta]

@SirLV 😂😂

[Real Madrid C.F. 🇬🇧🇺🇸 @realmadriden]

9️⃣0️⃣⏱️.

[Barack Obama @BarackObama]

Harvard has set an example for other higher-ed institutions – rejecting an unlawful and ham-handed attempt to stifle academic freedom, while taking concrete steps to make sure all students at Harvard can benefit from an environment of intellectual inquiry, rigorous debate and mutual respect. Let’s hope other institutions follow suit.

[Edward Paranta @OleParanta]

@EleraiVillage I am. We should touch base.

[Edward Paranta @OleParanta]

@TheHorseCure Impressive 👏🏿

[Edward Paranta @OleParanta]

@EleraiVillage Well done mate. A step at a time 👌👌

[Mbabz @Kalasinga_]

We have lost one of the best and most efficient Judges in our judiciary. Big big loss for the legal fraternity. 😔

[Humphrey Sipalla @hsipalla]

Kuna watu wakifika home watuambie wamefika

[Cecil Yongo @CecilYongo]

Make no mistake, what she’s helped to organize so far is historic. She has to be in future history books & textbooks ✨

[Edward Paranta @OleParanta]

Extra judicial killings just got a new meaning. Wow.

[Edward Paranta @OleParanta]

@ber__ia @petersize10 It’s a little too late for that.

[Pareno Solonka @Pareno_Solonka]

They will not believe!!!

Going to the streets tomorrow. We have 3 main Court Orders:-

1) No military deployment
2) Police to observe Article 49 on any arrested persons in the #RejectFinanceBill2024 March
3) Legal Representation be allowed at any time

WE ARE FULLY ARMED KESHO!

[Edward Paranta @OleParanta]

We are where we are because of an executive that listens to no one, a captured Parliament and a clergy that’s allergic to speaking truth to power.

[Edward Paranta @OleParanta]

Abductions only serve to invigorate the protests. Not only is it unconstitutional but tantamount to a wrong prescription for what the country is suffering from.

[Faith Odhiambo @FaithOdhiambo8]

Just leaving parklands police station after assisting the family to record the abduction of Dr Austin Omondi JaPrado together with KMPDU and the medical fraternity. We demand the immediate release of Dr Austin Omondi! We remain undeterred and will strive to fight for his release!

[Edward Paranta @OleParanta]

LSK led by the president 👏👏👏

[Edward Paranta @OleParanta]

@MakiaLevi Tema hiyo mate😂