PRESENTATION BY THE COFEK TO THE PARLIAMENTARY COMMITTEE ON FINANCE, TRADE AND PLANNING HELD ON TUESDAY, JULY 16, 2013 AT CONTINENTAL HOUSE, NAIROBI 

Mencken (1880–1956), one of America's great wits, would chuckle. Almost every pro-VAT argument is exaggerated, misleading, incomplete, or wrong. The VAT is being merchandised as an almost painless way to avoid deep spending cuts. The implicit, though often unstated, message is that a VAT could raise so much money that it could eliminate future deficits by itself. This reasoning, if embraced, would result in staggering tax burdens and exempt us from a debate that we desperately need.

Add comment


Security code
Refresh

BUSINESS DAILY >>> Leadership wrangles at Jomo Kenyatta International Airport (JKIA) are once again in the ...

Hello COFEK: I'm writing from Kahawa Sukari Estate along Thika Road. I'd like to bring to your attention the fact tha ...

I wish to send a very strong statement to Bata Kenya. Having been a monopoly in the footwear industry for a couple of ...

Do you think President Uhuru Kenyatta has done enough on cutting the cost of living?

Yes - 15%
No - 85%
I don't know - 0%
I don't care - 0%

Total votes: 20
The voting for this poll has ended on: May 15, 2017
Polls Advertisement