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{
    "id": 1080260,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1080260/?format=api",
    "text_counter": 409,
    "type": "speech",
    "speaker_name": "Hon. John Mbadi (",
    "speaker_title": "",
    "speaker": null,
    "content": "Suba South, ODM): Hon. Temporary Deputy Chairman, I am also wondering if we have carried out empirical studies to see where else in the world we have minimum tax. I think it is a punitive law and I completely agree but, it is in place and we are the ones who passed it in this House. Now that the Committee has seen it fit to make some proposals to save some businesses from that tax, I think we need to support it even as we wait for the court case. However, something where I support the Committee, if you look at part (c), it states- ‘(c) that person is not engaged in manufacturing and whose cumulative investment in the preceding four years is at least ten billion shillings’. I want to support that because let us look at it in a wider perspective. Someone who invests Kshs10 billion is actually creating a lot of employment opportunities. Therefore, for that reason we should protect such a business. They may be making small profit or nothing or losses, however, Kshs10 billion in investment must have employed so many Kenyans and on that basis, I support this amendment. We need to create job opportunities. It is not just about tax. By the way Hon. Temporary Deputy Chairman, allow me to say this in one second. If you employ 1000 people how much tax do you think they will pay to this country? It is a lot. Therefore, let us not just look at the direct taxation to business. We should also look at tax that those who are employed in that business give back to the economy."
}