Declining Revenue Linked to Job Losses

[Omollo]

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The last time I asked Pundit about these layoffs, Jubilee's Chief Spin Doctor, said the job losses were not real because a lot more jobs were being created elsewhere.

He was joined in that by among others HK.

So much as these are Jubilee actions and not those of RV Pundit and his sidekick - HK - they jointly defended the status and it is therefore only fair that they explain how the taxman missed out on the PAYE from the one million (sorry 4 and half million) new technology jobs that Jubilee created.

Even if these jobs vanished in to the proverbial "Private Sector" - an oxymoron if you ask a highly prejudiced me - the businesses are obviously "profitable" enough to share with the taxman. So since the taxman says he has fallen short and the jobs have disappeared and from the look of things nobody can state where they went, the question is what happened?

Just a remind: My position all along along (backed by one or two netters here) was that these jobs had vanished and that the story about them having restructured was plain poppycock. I am saying KRA backs me. Who backs you Pundit and HK?
 

[RV Pundit]

This is the usual - missed targets in some quarters - but at end of the year - KRA has been doing pretty well. George Omondi of course is at liberty to attribute this to massive job losses. I don't think an economy can grow at nearly 6% with massive job losses.

I know KRA has frozen Nairobi County account because Kidero and other governors are not submitting their PAYE. And those counties employ more than 150,000 staff. I would start from there.

http://www.nation.co.ke/counties/nairobi/Kidero-blames-politics--transfer-county-funds-KRA/1954174-3923118-nqv0u8/

Kidero alone ought to remit 1.3B every month as PAYE (annually that is 15B plus - half the missed target_ - but as you would expect  - most counties simply don't remit PAYE - coz they've squandered all the monies.

[Omollo]

This is the usual - missed targets in some quarters - but at end of the year - KRA has been doing pretty well. George Omondi of course is at liberty to attribute this to massive job losses. I don't think an economy can grow at nearly 6% with massive job losses.

I know KRA has frozen Nairobi County account because Kidero and other governors are not submitting their PAYE. And those counties employ more than 150,000 staff. I would start from there.

http://www.nation.co.ke/counties/nairobi/Kidero-blames-politics--transfer-county-funds-KRA/1954174-3923118-nqv0u8/

Kidero alone ought to remit 1.3B every month as PAYE (annually that is 15B plus - half the missed target_ - but as you would expect  - most counties simply don't remit PAYE - coz they've squandered all the monies.

I can pat myself on my back saying I never fudge or conceal simple facts. Like If I believe a Luo is acting because of his luoness I simply state it rather than use euphemisms.

Here is The Standard quoting KRA explaining why revenue went down in 2015 and 2016:

By the end of December 2015 there was a huge shortfall in ordinary revenue collection made of a Sh26 billion deficit in Pay-As-You-Earn (PAYE) revenue and a Sh15.9 billion shortfall in Value Added Tax (VAT) collection from imports

Which brings us back to the question of economic growth. How reliable is the 6% you keep harping at? If the volatility that is evident in the past 3 months is not being captured, then how accurate is that figure?

I notice private universities are not spared. I guess they have opened University Mtaani

KENYA METHODIST University (KeMU) shuts down five campuses, lays off more than 150 staff. pic.twitter.com/VjTwRv4eJF

— BusinessDaily (@BD_Africa) May 23, 2017

[patel]

All these in a 'Booming' economy???????
Something does not add up but what we know the layoffs are real

[Omollo]

All these in a 'Booming' economy???????
Something does not add up but what we know the layoffs are real

Jubilee's fraud is unravelling before their own eyes.

I am told the same thieves have taken to repackaging their 90sh ung and selling at double the price. They thought going through the normal channels to arrange for the subsidies and pick suppliers asking for bonds etc would deny them the thunder. So they unilaterally and opaquely picked each other. The whole thing is going down in smoke.