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The New EAC Taxation System for investors

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Kichuguu, Dec 5, 2010.

  1. Kichuguu

    Kichuguu Platinum Member

    Dec 5, 2010
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    The more I look deeper into this agreement, the scarier it becomes; Barrick Gold may end up opening their headquaters in Nairobi. Is there any arrangement to redistribute those taxes among the member states in proportion to the level of business activities done by the tax paying investor in each country?
  2. MaxShimba

    MaxShimba JF-Expert Member

    Dec 5, 2010
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    I don't see any benefits. These states are still independent. EAC is more political.
  3. Ikimita

    Ikimita JF-Expert Member

    Dec 5, 2010
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    No doubt some of the economies in the EAC block are destined to lose, Tanzania topping the list. I think the idea is good and valid but I agree with Kichuguu that the taxes should be proportioned according to the level of activities carried out in each country.
  4. Abdulhalim

    Abdulhalim JF-Expert Member

    Dec 5, 2010
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    Good point to raise..Lakini I am more skeptical na tax gani wanayoiongelea..maana kama ni cooperate tax basi sisi ni mazuzu wa kupindukia.