GET READY FOR INCREASE IN TAX STARTING OCTOBER I said it 5 weeks ago that government will fund its budget on its own without donor support and today Mutharika vindicated me by going public on the same. This automatically mean the percent of tax government takes from companies, individuals or any businesses or transaction will be increased. Even if salaries of people in government can be increased by 60% or any percentage even if it can be 100% the increase will not make any positive impact on the local Malawian because of the tax that will milk alot from poor Malawians. As of now i can confirm those who are poor will face the challenges of survival since the budget wont be pro-poor. CAVTIONING MEASURE less say you have money you have been saving, for you to feel less negative effects of the zero-deficit budget you need to use all your savings to help in bringing you to the then position after the passing the zero-deficit, the logic is you take K1 million today and buy things today and after the zero-deficit is passed and tax regime starts to show its ugly face prices will go up, this means something you bought at K1 million a month ago will be K1.5 million by then so if you will sell it at that times current price you will make a profit which in economic terms wont be a profit but will just be something thats the value of the money you used in buying that to that times value. Thats the only measure remaining. Management Expert - Blessings Chisale
Posted on: Sun, 31 Aug 2014 16:30:03 +0000
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