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{
    "id": 1218318,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1218318/?format=api",
    "text_counter": 126,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Khalwale",
    "speaker_title": "",
    "speaker": {
        "id": 170,
        "legal_name": "Bonny Khalwale",
        "slug": "bonny-khalwale"
    },
    "content": "Thank you, Mr. Speaker Sir. Listening to Sen. Crystal Asige, the gist of her question is the removal of ambiguity on the directive on tax. I support her. There is the issue of share transfer tax. You have heard Sen. Cherarkey speak to the issue of ongoing restructuring in the KRA where some people have faced administrative action. As this is going on, could the Statement further clarify the issue of share transfer tax, where in 2019, the National Industrial Credit (NIC) Bank merged with Commercial Bank of Africa (CBA) Bank. They were supposed to pay stamp duty worth Kshs350 million. Could that clarity explain whether the administrative action against the taxman is going to go beyond, so that the taxpayers can recover the Kshs350 million. Mr. Speaker, Sir, the company that came out of the merger is doing a lot of business. It is a very rich company. It belongs to the men of power in this country. This is the House of equity, which advances the future of our children, who are today dropping out of school because the fathers cannot buy uniform for the children to go to class seven. Could the Statement tell us where the money ---"
}