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{
    "id": 1082708,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1082708/?format=api",
    "text_counter": 121,
    "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": "It is also important to note that only three sectors, which are manufacturing, ICT and banking and finance, contribute 52 per cent of tax revenue. So, there is a need for this country to come up with measures and mechanisms to tax other sectors. Otherwise, those sectors are overtaxed. If they are overtaxed, we are likely to see companies relocating to other countries. People will lose jobs. Because of this, there will be loss of revenue. As mentioned earlier by other Members, currently, goods from Uganda are consumed in our border posts. There is also need for the National Treasury to review tax laws to promote ease of doing business. This idea of amending laws through the Finance Bill in every financial year is not just to the companies. It makes them uncertain of what will happen next. It is good to do a comprehensive tax revenue regime. Let the tax revenue measures be implemented for a period of time and analysed to see their impact."
}