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{
    "id": 1134154,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1134154/?format=api",
    "text_counter": 134,
    "type": "speech",
    "speaker_name": "Sen. Farhiya",
    "speaker_title": "",
    "speaker": {
        "id": 13179,
        "legal_name": "Farhiya Ali Haji",
        "slug": "farhiya-ali-haji"
    },
    "content": "Mr. Temporary Speaker, Sir, there is also the predictability of the taxes. This increases the number of people who are interested in investing in our country because they know exactly what to expect. However, as it stands right now, even the compliance level of our business people might be lower and they might be charged by the KRA for reasons that are not their fault. This is because they do not know what to expect. These taxes keep on changing with every budget. Therefore, tracking the taxes becomes very hard. One might not be able to pay taxes not because they did not want to pay, but because there is no predictability in how the taxes should be raised. It becomes much harder for the taxman to monitor a like for like comparison. Right now, it is a little haphazard. I think that needs to be corrected. Mr. Temporary Speaker, Sir, I agree with what many Senators have alluded to about when there is a depression. You reduce taxes because when you reduce them, you increase the disposable income for businesses and individuals. That encourages investment. Once the investors invest in new ventures and innovations, more funds are likely to be generated out of that. As a result of more investment, there will be more employment and money available for investment. Mr. Temporary Speaker, Sir, the other thing that I want to reiterate is the fact that this House, specifically the Committee on Finance, always makes very good recommendations in all the BPSs that we have handled from the inception of this House to the current year. For the last five years, the Committee on Finance and this House have made very good recommendations that would have enhanced the revenue that we were able to generate for this country. However, because our recommendations have never been taken into consideration, those opportunities have been lost. Mr. Temporary Speaker, Sir, there is no point in wasting our time coming here making very good recommendations that nobody implements. I, therefore, urge our House, the Speaker and the Chairperson to ensure that these recommendations have been included in the BPS this time. I also wish to join my Chairperson in thanking the Secretariat of the Committee on Finance. We have very knowledgeable staff. They have been doing a great job. I also wish to thank all the other support that we get from the Office of the Clerk of the Senate without whom we would have never been able to do all this great work we have done. Mr. Speaker, Sir, I thank you."
}