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{
    "id": 1079520,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1079520/?format=api",
    "text_counter": 218,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "In respect of the Excise Duty, if I come to the specific things, I totally agree with the Committee that, yes, the Cabinet Secretary is proposing that review the Excise Duty Act of 2015, to tax confectionery and all that. But the Committee has done far much better and is saying that we will raise revenue and not kill the local manufactures. So, they are exempting local manufactures and taxing it on the imported confectionery at an enhanced rate. We protect revenue while at the same time ask those who want to consume foreign confectionery to contribute to the growth of our economy so that we do not end up taking everyone and killing the local industry. A country will never develop by relying on imports. It has to start by protecting and developing its local manufacturing capacity. This is where we create jobs for our youths and it is in tandem with our Big Four Agenda of enhancing and improving the contribution of the manufacturing sector to hopefully 15 per cent at some point. The Bill does not reduce its common reporting standard. Again, this is a no brainer. We do not need to go through that and we look forward to the Cabinet Secretary publishing the regulations, in terms of how we are going to have these foreign companies disclosing what they have globally. This is part of transparency building which also comes close to what the analyst are calling ‘building back better’ which is enhancing transparency. An example I gave last time is that if China was more transparent on COVID-19, we would not be where we are. If we are more transparent on where assets are, we will be able to combat tax evasion among other crimes. The 90-day period on filing of an appeal for the Capital Market Tribunal brings about some predictability; that once a matter has gone there, it will be sorted within 90 days. This is good for business as it avoids putting off investors. I am very happy and I think Hon. (Ms.) Mishi has mentioned this, in terms of the extra incentives by the KRA to whistleblowers and people who identify and assess taxes. This is part of incentivizing people to give that information. I know we are still very weak on whistleblower protection. I believe we had a heist in one of the universities where the Vice-Chancellor… I am sure that the matter is actively under investigations or under prosecution. Unfortunately, the 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."
}