The role of government is to promote the welfare as well as the social and economic wellbeing of the citizenry. The 1999 Constitution of the Federal Republic of Nigeria as amended provides in Section 16(2) that the State shall direct its policies towards ensuring the promotion of a planned and balanced economic development. Indeed, legislation […]
The Government of Kenya has abolished the recent Companies Act requirement for 30% local shareholding in respect of foreign companies. We discuss the background below. The Companies Act No. 17 of 2015 brought a raft of changes in the formation, ownership, management, operation and liquidation of companies in Kenya. Among many changes introduced by the […]
The Government of Kenya has abolished payment of capital duty on the initial nominal capital of a company on incorporation. This will apply to new incorporation of local subsidiaries of local companies. Previously, the promoter of a company was required to pay ad valorem stamp duty fees on the nominal capital of the company under section 39 […]
IR Global, the world’s largest exclusive network of advisory firms is delighted to introduce Njeri Kariuki of Njeri Kariuki Advocate. Njeri has joined IR as our exclusive Commercial Arbitration Member in Kenya. Njeri is an advocate who has specialised in resolving disputes through arbitration and adr. During the course of her career, she has delivered awards as […]
Richard Rahn – has a blistering attack on the OECD / FATF and how their tax and AMl policies are counter-productive in most regions. I had a nice quote on money movement and AMl issues in East Africa – and how they relate to the AML ideas of the FATF. http://www.washingtontimes.com/news/2015/nov/9/richard-rahn-the-global-taxers-are-after-you/ Richard Rahn – […]
In the case of the Institute of Social Accountability & another v National Assembly & 4 others, both the Institute of Social Accountability (as 1st Petitioner) and the Centre for Enhancing Democracy (as 2nd Petitioner) sued the National Assembly, the Senate, the Attorney-General and the Constituency Development Fund Board as the 1st, 2nd, 3rd and […]
To read this full update from our Commercial Law member in Kenya please follow the link below Supreme Court Ruling on Election Petitions and the Time Factor April 15, 2015 B M Musau & Company
International Referral, the world’s largest exclusive network of advisory firms is delighted to introduce Benjamin Musau of B M Musau & Company. Benjamin has joined IR as our exclusive Commercial Law in Kenya. Benjamin Musau is a Kenya Advocate and the Managing Partner of B M Musau & Co., Advocates, a position he has held […]
ITX 666 Global E-commerce Taxation Benjamin M Musau, Lawyer, Nairobi, Kenya Please discuss: How would jurisdiction integration impact E-Commerce Taxation? Answer: There are approximately 30,000 separate taxing jurisdictions in the United States, thus presenting the potential for an enormous variety of taxes and tax rates on Internet activity. The unique character of the Internet transcends […]
Hypothetical Problem, please discuss A nonresident alien, residing in country X operates a business selling certain goods in country X. The business entity, or foreign corporation, begins a marketing campaign of his product in the United States carried out via a web site. The software for the web site is located on a computer server […]