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{
    "id": 1003284,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1003284/?format=api",
    "text_counter": 368,
    "type": "speech",
    "speaker_name": "Kitui Rural, CCU",
    "speaker_title": "Hon. David Mboni",
    "speaker": {
        "id": 13388,
        "legal_name": "David Mwalika Mboni",
        "slug": "david-mwalika-mboni-2"
    },
    "content": "think of how to tax those services so that our local companies and the country can benefit. I was doing some calculations in this sector. The transactions are worth around Kshs130 billion per year. If we impose taxation of 14 per cent on these non-resident companies, we can collect Kshs12 billion annually from them. On the issue of zero-rating maize flour, we are in a very difficult situation. In fact, if you go to Country Bus Station, you will see that most of the vehicles which have been ferrying people are now ferrying food commodities from our villages because people here cannot afford. If we can zero-rate milk and bread, which one can do without, then we need to zero-rate maize flour as well. So, I support that bit. There is also the issue of VAT on spare parts of aeroplanes and helicopters. This sector is completely grounded. In fact, I was reading an article where the Association of Domestic Carriers estimates the costs of reviving the sector, in terms of buying spares parts and payments for aircraft servicing, in the tune of Kshs3 billion. In fact, they were requesting if the Government could give them soft loans so that they can finance those activities. Therefore, we need to think about how we can even create a fund to help this sector. This sector is very important. It helps us and the tourism sector. I do not want to belabour the point but we also need to think of short-term and medium- term measures to reduce our Budget. We come up with tax proposals in order to finance the Budget. Our deficit now stands at Kshs800 billion. I was actually thinking of the possibility of creating a single treasury account at the Central Bank of Kenya, into which every parastatal and Government agency is required to deposit its excess funds. In addition, the Government can access that money to finance activities without even borrowing from the domestic market"
}