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tax - Nyihamukoma & Co Advocates

The National Housing Development Fund (III) – The Taxes We Ought (Not) to Pay

Ultimately, it is land and labor that produce wealth.[3] Land, considered as such, cannot have duties since it is an inanimate object. Therefore, naturally occurring resources (e.g., trees, water, etc.) should be freely available for use or consumption. As Adam Smith recognized, it is the institution of private property or, in more expressive terms, private sovereignty over property[4] that puts a price tag on these resources – and unjustly so.[5]

On the Proposed Minimum Tax

Profit maximization as a motive bodes ill for many. Employees’ wages, product quality, fair prices, and just taxes – all of these are casualties incurred to an extent that parallels the leeway on which landholders are granted the right to absolute use and abuse of their property. The use of the corporation as a vehicle for the avoidance of taxes is certainly not without precedent.

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Nyihamukoma & Co AdvocatesContact us
Advocates, Commissioners for Oaths and Notaries Public.
OUR LOCATIONWhere to find us?
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P.O. Box 28491- 00200 Nairobi Kenya
GET IN TOUCHNyihamukoma Social links
Visit our social pages.
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