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"id": 1409831,
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"type": "speech",
"speaker_name": "Hon. Omboko Milemba",
"speaker_title": "The Temporary Speaker",
"speaker": {
"id": 13328,
"legal_name": "Jeremiah Omboko Milemba",
"slug": "jeremiah-omboko-milemba"
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"content": " Very well."
},
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"id": 1409832,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1409832/?format=api",
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"speaker": null,
"content": "(Question proposed)"
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"text_counter": 616,
"type": "speech",
"speaker_name": "Hon. Omboko Milemba",
"speaker_title": "The Temporary Speaker",
"speaker": {
"id": 13328,
"legal_name": "Jeremiah Omboko Milemba",
"slug": "jeremiah-omboko-milemba"
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"content": "Leader of the Majority Party."
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"id": 1409834,
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"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": " Thank you, Hon. Temporary Speaker. I rise to support this Report. I also take this opportunity to thank the Chairperson and Members of the Departmental Committee on Finance and National Planning for the consideration of this Report. I know many Members may not know what base erosion is. Hon. Zamzam is telling me"
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{
"id": 1409835,
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"text_counter": 618,
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"speaker": null,
"content": "niwaambie."
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"id": 1409836,
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"text_counter": 619,
"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": "Base erosion and profit shifting (BEPS) refers to tax planning strategies mostly utilised by multinationals that operate in different countries in the world. They take advantage of or exploit gaps and mismatches in tax regimes or rules from one jurisdiction to another in order to shift their profits to low or no tax locations where there is little or no economic activity for those companies. For instance, if I am operating in Kenya, Ireland, Seychelles or the United States of America (USA), but I discover that I can shift or transfer profits to Ireland where I have an office to enjoy tax reliefs, I can utilise such provisions to avoid paying tax. It is a form of tax avoidance. The Convention that we are ratifying today is a multilateral treaty or agreement that relates to the implementation of tax treaty related measures to prevent base erosion and profit shifting, commonly referred to as MLI, that the Chairperson was speaking to. The Group of Twenty (G20) countries and countries that are part of the Organisation for Economic Co-operation and Development (OECD), together with many advanced and developing countries and regional tax bodies, worked together to develop new rules and processes to strengthen the international tax system and, therefore, tackle this problem of tax avoidance. That group of countries is known as the Inclusive Framework on BEPS. Kenya"
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"id": 1409837,
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"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": "The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"
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"id": 1409838,
"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1409838/?format=api",
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"type": "speech",
"speaker_name": "Kikuyu, UDA",
"speaker_title": "Hon. Kimani Ichung’wah",
"speaker": null,
"content": "became a member of the Inclusive Framework on BEPS in January 2017 and made a commitment to implement the BEPS package that contains the action plans. We are now urging the House to agree with the Report of the Committee to ratify this Convention because it will not only help other countries to deal with tax avoidance, but it will also help us as a country because we have many multinational enterprises that operate in our country and have bases or enterprises operating in other countries. Therefore, to ensure that they are not shifting their profits and there is no base erosion between our country and the other countries that those multinationals operate in, we should agree with the Committee and ratify this Convention. I support the Convention and urge Members to support it as well."
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"id": 1409839,
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"type": "speech",
"speaker_name": "Hon. Omboko Milemba",
"speaker_title": "The Temporary Speaker",
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"id": 13328,
"legal_name": "Jeremiah Omboko Milemba",
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"content": " Very well. Is Hon. Andrew Okuome in the House? I propose that if you want to speak on this particular Motion, put your card in the intervention slot because the list that I have here could be… I can see Hon. Catherine Wambilianga of Bungoma is not here. Let us have Nominated Member, Hon. Irene Mayaka."
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"url": "http://info.mzalendo.com/api/v0.1/hansard/entries/1409840/?format=api",
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"type": "speech",
"speaker_name": "Nominated, ODM",
"speaker_title": "Hon. Irene Mayaka",
"speaker": {
"id": 110,
"legal_name": "John Mbadi Ng'ong'o",
"slug": "john-mbadi"
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"content": " Thank you, Hon. Temporary Speaker. I also rise to support the Report by the Chairperson, who is a colleague in the accounting world. The Leader of the Majority Party alluded to BEPS that are currently being used in the world. I would like to invite us to have a look…"
}
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}