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"id": 1586062,
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"speaker": null,
"content": "(Question, that the new clause be read a Second Time, proposed)"
},
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"id": 1586063,
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"text_counter": 470,
"type": "speech",
"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
"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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"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Chairman",
"speaker": null,
"content": " Yes, Hon. Omboko."
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"text_counter": 472,
"type": "speech",
"speaker_name": "Emuhaya, ANC",
"speaker_title": "Hon. Omboko Milemba",
"speaker": null,
"content": " Hon. Chairman, it is important that you go back and clarify the real importance of those changes. You are now transferring the tax to be paid by the debtor. We want to understand how beneficial this will be. Thank you, Hon. Temporary Chairman."
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"id": 1586066,
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"text_counter": 473,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Chairman",
"speaker": null,
"content": " Member for Nandi."
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"text_counter": 474,
"type": "speech",
"speaker_name": "Nandi County, UDA",
"speaker_title": "Hon. Cynthia Muge",
"speaker": null,
"content": " Hon. Temporary Chairman, Mwalimu Omboko Milemba has been able to address my concern as well. It is proposing that the person who was unable to settle their debts is again added a further liability of paying the taxes owed by the taxing institution. The Chairman should do justice and explain further, so that we can get another perspective. We have heard that they are giving an additional burden to the person who was unable to pay their debts."
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"id": 1586068,
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"text_counter": 475,
"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Chairman",
"speaker": null,
"content": " Member for Samburu West."
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"id": 1586069,
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"type": "speech",
"speaker_name": "Samburu West, KANU",
"speaker_title": "Hon. Naisula Lesuuda",
"speaker": null,
"content": " Thank you, Hon. Temporary Chairman. I do not understand the import of this amendment at all. The creditor will probably sell whatever needs to be sold and probably get more than what is owed. Maybe what was used as security for the loan will be sold at a higher price. Hence they will receive more money. The debtor is being asked to pay tax on the transaction. I do not understand how KRA intends to raise money from this. The creditors should continue to pay the tax so that when they dispose of the assets, they factor it in the process. The Chairman should provide an explanation for this. Otherwise, I will definitely oppose."
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"id": 1586070,
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"type": "speech",
"speaker_name": "Hon. David Ochieng’",
"speaker_title": "The Temporary Chairman",
"speaker": null,
"content": " I do not want a debate on this matter. The Chairman should clarify. Next is the Member for Dagoretti North."
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"type": "speech",
"speaker_name": "Dagoretti North, ODM",
"speaker_title": "Hon. Beatrice Elachi",
"speaker": null,
"content": " Thank you, Hon. Temporary Chairman. I need to understand this proposal. We must ask ourselves who the debtors and creditors are. This proposal can be misused in the disposal of various assets, such as mortgages. This is not solely about small assets. A bank could go rogue under the guise of this clause."
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