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{
    "id": 1080250,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1080250/?format=api",
    "text_counter": 399,
    "type": "speech",
    "speaker_name": "Kikuyu, JP",
    "speaker_title": "Hon. Kimani Ichung'wah",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": " Hon. Temporary Deputy Chairman, I was rising to oppose but I got some guidance on it. Let me just say for the record that I want to agree with what the former Chair of the Committee on Finance and National Planning, Hon. Limo, is saying. On this minimum tax business and you know this matter is still in court, I raised my objections last year during the Finance Bill and I still maintain that this minimum tax is not good for business and is not good for this country. We are now exempting people who are in retail business and whose retail prices are controlled by the Government. We did last year in the negative and basically they are very few but, when you get to insurance business again there are questions. We just did a Special Sitting last month again to exempt Kenya Airways and that tells you that this minimum tax is probably not something we really gave time and thought to. I will support but still with the same reservations, I aired last year that this minimum tax business is not good. You do not tax people on the basis of their sales or their revenue turnover. You tax based on what people make. We are killing business. 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."
}