Nipate
Forum => Kenya Discussion => Topic started by: Omollo on October 10, 2015, 01:47:25 PM
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You appoint a tribesman to head KRA and stuff it with more tribesmen. The idea being to help your other businessmen to avoid paying taxes.
Then you appoint tribesmen to guard all import and export points: KAA, KPA, etc. They do a good job of ensuring that your tribesmen pay no taxes.
Then you arrange for all or most major businesses to end up in the hands of your tribesmen who pay no taxes.
The little money that comes in is immediately grabbed and shared between your other hungry tribesmen. A cool billion is eaten by your mistress who buys herself a house. Yes she took care of your needs when your own wife had fled to UK ... far away from your addictions. But then it's public money!
Despite all these facts, you still don't understand why the government you are running is broke!!!
By BRIAN NGUGI
More by this Author
The National Treasury held a crisis meeting with the Kenya Revenue Authority Friday over the cash crunch gripping State agencies even as top officials maintained that the government is not broke.
Ahead of the meeting, the Treasury Principal Secretary Dr Kamau Thugge said that KRA was expected to explain how the financial gaps facing the government would be plugged urgently.
“I am having a meeting this afternoon (yesterday) at 4.30pm with KRA where they will now be telling us how they are going to make up for whatever shortfalls that they are experiencing,” Dr Thugge told the Daily Nation on the sidelines of Kenya Airways’ annual general meeting in Embakasi.
He said that the revenue shortfalls by the taxman for the period could have been as much as Sh12 billion, adding that the KRA was expected to give a clear picture of the figures in the meeting.
He, however, played down reports of a cash crisis in the government, terming it a common feature in the financial calendar.
“The Kenya government is not broke. Yes it’s true that the KRA has not met the revenue targets. But this happens all the time and then during the course of the year, KRA catches up with their revenue targets and that’s what we expect,” Dr Thugge said.
He added that similar situations had been faced previously by the government and hence there was no cause for alarm.
“During the first quarter of the year you find that revenue does not come in as expected. Everybody wants to spend and what you are hearing (cash crunch) is not any different from what happens during the course of the year,” Dr Thugge added.
Citing the Parliament’s recent failure to pay key bills, which fuelled speculation of the poor state of the public coffers, Dr Thugge blamed the House for the delay in wiring the funds.
“Their finance officer sent us their salary request on the September 28 and we received it on 30. What we have now agreed with Parliament is that to avoid appearing as if they don’t have money and yet they are holding onto the request for funding is that they should send that request by the 21st of the month so that by the end of the month, the salaries would have been paid,” he said.
http://www.nation.co.ke/business/Treasury-and-taxman-hold-crisis-meeting-over-cash-crunch/-/996/2906776/-/hm5692/-/index.html
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Well, they've been printing fake money for awhile like Zimbabwe. GoK's been pretending to have money and that can go oh so far. Doesn't surprise me they were broke all along.
Fake Currency in Kenya a Ticking Time Bomb
The amount, quantity and quality of fake money in Kenya has been steadily rising, making it hard to be sure whether the note you are holding in your hand is fake or real.
Most Kenyans are suspicious of the 500 and 1000 shillings notes and will take a 200, 50 and 100 shillings note without a second thought. People seem also to trust money from bank ATMs, bank tellers and supermarket tills. However, the fraudsters have become smarter and are targeting unsuspected areas like ATMs, and lower denominations like 200, 50 and 100 shillings notes.
How they succeed in sneaking these fake currency into the banking systems is still a mystery but it may be during the loading of ATMs, often done by contracted security firms.
How Can You Evade the Fake Money Scum?
At some point in your life you may have handled fake money whether knowingly or unknowingly.
Being in possession of counterfeit money be it in local or foreign currency is a grave offense in Kenya which attracts a jail term not exceeding 5 years.
So in-order to be on the safe side, keen hawk-eyed, some measures should be taken when handling money to determine whether it is genuine or fake currency.
How do you detect if "money" is real or fake? You may wonder well……. here are pointers in detecting counterfeit money.
1. Portrait Watermark. A three dimensional portrait of a lion’s head can be seen when the note is held up to the light. The watermark has a three dimensional appearance with areas in varying tones of dark and light. Below the watermark is the value numeral of the banknote. This number can be seen when the note is held up to the light. Both the portrait and value numeral depict some brightness when held up to the light.
2. Serial Numbers The serial numbering style is asymmetrical and has progressively larger digits in adjacent positions. One set of serial numbers appears horizontally, the other vertically. The vertical serial numbers on the left hand side of the banknote glows under UV light
3. See Through Feature Each of the banknotes has a see through feature which forms a perfect complete elephant when held up to the light. When looked at from one side, the image does not form any recognizable feature unless when looked at up to the light.
4. Security Thread All genuine banknotes have a distinct interwoven thread running vertically down the right hand side of the notes. When held up to the light, the thread appears as a continuous line and it shows a series of text featuring the denomination numeral of the note and the letters CBK. The current generation of banknotes features two types of threads:-
For the 1000 and 500 shillings denominations, the thread is thicker and portrays a colour shift when viewed at angles. The 50, 100 and 200 shilling denominations have a thinner thread silver in colour and do not depict any colour shifts when viewed at angles.
http://mysensiblecent.blogspot.com.au/2013/11/fake-currency-in-kenya-ticking-time-bomb.html