WapiPay, a Kenyan cross-border payments fintech, has entered the North American market after securing a Money Services Business (MSB) licence from the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), part of the company’s global expansion.
https://t.co/uvetqr7Tl1
The licence allows the company to offer foreign exchange, money transfer, and payment services in Canada through a newly established subsidiary, while also providing regulatory approval to handle virtual currency and digital asset transactions.
I have a feeling Space X will go from $135/share down to $50-$60, then back up to $70, then crash to $40/share. That’s where I’ll get in around $40-$45/share
Breaking: Your smart TV takes a screenshot of your screen twice every second and sells what it sees.
It is called ACR, and it has been running since you set the TV up.
Texas already sued over it. Here is how to turn it off in under 2 minutes:
Should the taxpayer still bear the burden of proof in instances where a tax dispute with the Revenue Authority is based in pre-populated & third party data?
In my submission before the National Assembly's Finance & Planning Committee on behalf of the Tax Research Centre at @StrathU, I argue that Finance Bill 2026's proposals seeking to anchor Incomes & Expenses Validation in law will be incomplete if they do not include a proposal for the the Revenue Authority being saddled with the burden of proof in such instances.
Here's why:
· Finance Bill 2026 proposes to amend Sec75 of the Tax Procedures Act to provide that the Revenue Authority may use technology to pre-populate tax returns on behalf of a person required to submit or lodge a tax return
· Finance Bill 2026 further proposes that a person required to submit or lodge a tax return may rely on pre-populated return generated by the Revenue Authority to file their return
· Finance Bill 2026 proposes to amend Sec112 to provide that the Cabinet Secretary of the National Treasury may make Regulations for the procedure for the submission or lodging of returns based on pre-populated tax returns generated by the Revenue Authority
Here's where the problem is:
· In all this, Sec56(1) which provides that "In any proceedings, the burden shall be on the taxpayer to prove that a tax decision is incorrect" remains unchanged
· Sec56(1) is predicated on the fact that Kenya has been running on a self-assessment based regime & the data upon which tax disputes emerges was held by the taxpayer
· With Incomes & Expenses Validation & the onset of a Dual Assessment regime in Kenya, taxpayers are now exposed not just to errors of judgement & data on their part, but also errors of technology & transmission which are out of their control
· Can we really still have the burden of proof lying exclusively with the taxpayer in an environment where tax compliance has shifted from a function of record keeping to one where system integration reliability is now a key factor?
Got accepted into the @ycombinator S26 batch as @ParasmaAI with no product, no revenue, no cofounder and not being from the US.
If you have a great idea, just apply!
@Ohta_Ryota@AdanMohamedCS First Class UoN
Chartered Accountant with PwC London
Barclays CEO Kenya
Barclays Africa boss
Trade Minister
Advisor, Strategy at Presidency
Qualified you said? Ama unasema he is overqualified for the job?
As Sheldon once said: 73 is a perfect number. It is the the 21st prime number. Its mirror 37 is the 12th prime number, and the digits of 21 multiplied together equal 7 and 3. Written in binary, 73 is a palindrome 1001001.
In conclusion Chatgpt is Sheldon.