Bald to the bone

bruh...

[The Gulag @WelcomeTheGulag]

June 17, 1953: British colonial troops began the Chuka massacre in Kenya

[Cerebral Assassin @xysist]

Guess the anonymous camera man

[BenkaCentral @BenkaCentral]

I don’t think many Kenyans have fully realized it yet, but we are living through one of the darkest periods in our nation's history. A time that arguably rivals only the British colonial era.

[Patpat💗🌺 @_num4]

Idk man but Sifuna is starting to look like a hypocrite, all he does is talk and no action. Sick and tired of all these politicians bana wote waende home 🚮

[Sholla Ard 🇰🇪 @sholard_mancity]

BREAKING: The William Ruto govt is about to pull one of the most selfish financial tricks of his presidency.

A move designed not just to collect the Housing Levy.

But to make sure Kenyans keep paying it for years to come, and no other president in the near future removes it. (Securitization)

Here's the plan.

His government, according to NTV, plans to borrow about KSh150 billion from local and international banks.

The security?

YOUR future Housing Levy payments. So they want to go collect 150 billion and use future housing levy payments as security. (securitization)

This means that if the next government removes the housing levy, Kenya will default on the loan taken by the Ruto government.

Let that sink in.

The government gets KSh150 billion immediately this year.

The money is spent immediately.

But Kenyans remain trapped paying the levy for years afterwards.

This is not an accident.
This is the whole point.

Opposition leaders have repeatedly promised to abolish the Housing Levy.

So what does Ruto's government do?

It moves to tie the levy to a massive loan so that future governments will find it far harder to remove.

In short:

The cash stays with Ruto's administration; they get it and use it before elections.

The bill stays with Kenyans for years
The burden is pushed into the future.

And if the loan is backed by many years of future levy collections, millions of Kenyans could find themselves paying 20 yrs later for a decision long after this government is gone.

That is why this is so selfish.

I warned earlier this year that the new Ruto levies were not just about raising money.

They were about creating assets that could be used to secure more borrowing.

Now we are seeing exactly why.

The question every Kenyan should ask is this:

This is completely evil. We reject all attempts to securitize the Housing Levy.

[Bald to the bone @standigho]

@rmt_1982 @HLTCO I raise you Jefferson Farfan

[I @W_Asherah]

Kenya has really been the last person standing around here. And then we elected a war lord whose only interest is gaining and sticking to power using violence. Which means everyone has to learn to be violent to counter him. Which is what he wants - we play his game.

[BRAVIN YURI @BravinYuri]

You all really moved on from the fuel hike. A lot will take the same route just like the Ebola issue.

[The Kop Watch @TheKopWatch]

Happy 100 hour anniversary to those who celebrate

[CPA Wachira Joseph @WashiraX]

KRA wants a share of dowry money.

There is a guy called Kamau.

When it was time to buy his wife, he mobilized his most monied buddies.

He put them in a WhatsApp group. The fundraising began.

Those boys were loaded. They were only 35.
By by the time they were done, they had contributed 4.5 million shillings.

Others who were not in the group wired money directly to Kamau's bank account.

The ruracio D-Day arrived.

And as always, the one and only Kikuyu ruracio anthem was tuned.

🎶 Wero... Werokamu guku kwa wa Kanini... Werokamu... 🎶

Before they could finish the song, more than 2,000 people had pulled up.

Wakaanza kutoa funjo. Then one man stood on a stool and announced they could not sit until they had given Kamau top up money to add to the dowry.

The donation book was hurriedly brought. People lined up. Cash started flowing.

By the end of the day, another 2.8 million shillings had been raised.

Kamau took the money and banked it.

Total dowry contribution sitting at his bank account: 8m shillings.

The ceremony became the talk of Gatundu South.

Kamau paid his dowry. Collected his wife. And went home peacefully.

• Lesson 1. Monied friends are good for paying dowry.

I have no clue how. But sometime later, Kamau was marked for a KRA tax audit.

KRA went straight for his bank statements. They found deposits of 8 million shillings.

Immediately, they baptized the entire amount as undeclared taxable income.

Then demanded: 30% income tax. Penalties plus interest.

Total bill: 2.5 million shillings plus.

When Kamau saw the tax bill, he went mad.
He could try to talk but words would not come out. He nearly swallowed his tongue.

When he came back to real life. He shipped a protest letter to KRA.

He explained the money was dowry contribution from his family, friends and well wishers.

- He produced WhatsApp group fundraising screenshots.
- He produced RTGS confirmations.
- He produced the donation book.
- He even produced videos of the ceremony.

Including footage of the Werokamu song.

KRA could not hear any of it. They only wanted 2.5 million.

When Kamau realized KRA was not playing, he ran to court.

He told the Tribunal:

- My lord, look. I have shown KRA where the money came from.
- I have shown KRA who contributed it.
- I have shown KRA the ceremony.
- What more do they want from me?

KRA responded.
And what they said nearly made the judges fall off their chairs.

They argued the evidence was not convincing.

Why?

• Because the 2,000 plus donors had not sworn affidavits confirming that the money they gave was a donation and not payment for goods or services.

The Tribunal looked at the matter in amusement.

Then ruled.

- Kamau had discharged his burden of proof in full.
- KRA had acted unreasonably by ignoring and disregarding the substantial evidence he provided.
- And most importantly: Income tax is a tax on income. It is not a tax on every deposit appearing in a bank account.

The Tribunal found that KRA was wrong to treat all bank deposits as taxable income without first removing proven non income items such as dowry contributions.

The tax demand was killed.

Kamau won.

KRA retreated to Times Tower. And rested.

Case closed.

• Lesson 2.

- Document everything.

- KRA will push. Push hard.

[United Extra @TheUnitedExtra]

who the hell made this 😭

https://t.co/AwL1sD1LIk

[MNYIKA @Mnyika_1]

Wtf is this man😂😂😂😂😂
Who made this video?😂😂😂😂

[Brenda Cheptoo @cheptoofred]

Today is Madaraka day! The American Ebola facilities are being/have been set up despite a court order halting the process! We therefore have no reason to celebrate madaraka because NOT YET MADARAKA for sure!!

[Cerebral Assassin @xysist]

Always thought my Sony WH 1000 XM5 had the best noise cancellation- until PSG changed my mind.

[Dublin Airport @DublinAirport]

@question_will Taking the joke as well as Gabriel took his penalty

[Simple Shamim. @simple_shamim]

Whenever you feel like you want to stop cooking them , just think about what they would have done to you if they had lifted that trophy . Wake up now and start from where you stopped 😅😅😅😅😅😅

[Kobi @UTDKobi]

All you have to do is to repost this to an Arsenal fan timeline

[kemboi @Cfc_Kemboi]

Time to milk this Arsenal video.

[Aleckie Ronald @SirAlexas]

RT if your team has this!!!!!

[WARÚHIÚ @kamauwaruhiu]

Like I said as soon as a single dollar changes hands African leaders will fight for ebola .