Discover and read the best of Twitter Threads about #KAMAdvocacy
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KAM Anti-Illicit Trade Sub-Committee Chair @vixkaigai is currently on @EbruTVKenya to discuss how illicit trade hinders the achievement of the #BigFourAgenda.
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KAM Anti-Illicit Trade Sub-Committee Chair @vixkaigai - The government's recognition of illicit trade as a big threat to development is a step in the right direction. Illicit trade does not create a level playing field and hinders job creation.
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To fight illicit trade, we must fight it from the source. It is driven by affordability and laxity in regulation and compliance - KAM Anti-Illicit Trade Sub-Committee Chair @vixkaigai
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This morning, the KAM Board, led by Vice-Chair @MucaiKunyiha, met the @KRACorporate Board to deliberate on financing the budget, revenue collection by KRA, sharing the tax burden and tax administration.
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KAM Vice-Chair @MucaiKunyiha - We make up 20% of the country's tax take. However, the sector does not grow in comparison to other sectors of the economy.
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We need to work together to increase revenue, widen the tax bracket, enhance compliance and ultimately create employment which is our main goal as we strive to grow the manufacturing sector - KAM Vice-Chair @MucaiKunyiha
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At a meeting with @CarrefourKe Country Manager Franck Moreau, KAM Chair @GudkaSachen noted - There is need for the retail sector to make better payment decisions to ensure prompt payments
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Retailers need to borrow long term for capex and in order to sustain their businesses. We also encourage retailers to join industry on sustainability measures for packaging throughout their supply chains. - KAM Chair @GudkaSachen
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Country Manager @CarrefourKe Franck Moreau highlighted that cash flow management in retail is key for effective operations and payment of suppliers.
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#KAMAdvocacy #PromptPayment
