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{
    "id": 1232261,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1232261/?format=api",
    "text_counter": 146,
    "type": "speech",
    "speaker_name": "Sen. Oketch Gicheru",
    "speaker_title": "",
    "speaker": null,
    "content": "No. I am always prepared. I was born ready. This is one of the most crucial Statements because it fundamentally contributes to the recovery of the manufacturing industry in our country. I beseech the relevant Committee to advance the conversations around policies on taxes. If you observed what happened in our last audited Financial Year 2019/2020; the manufacturing industry contributed the least to our Gross Domestic Product (GDP) about 7.2 per cent yet in terms of taxation, it was the most taxed group of any kind of employment about 15.2 per cent. This is important because taxation and policies pertaining to taxation in manufacturing make it impossible for any kind of local manufacturers to invest properly in the industry and cultivate an environment for which labor can be involved. Most importantly, as Sen. Veronica Maina has indicated, high taxation also contributes highly to the competitiveness of products by local manufacturers in the market. This is a fundamental problem related to the national Government’s idea of raising capital. However, the national Government should be advised by the Committee that high taxation, in the name of trying to prove to different countries that we are taking money from, that we can pay our debts, is not conducive for making a manufacturing recovery in the country. I will be very keen if this particular Committee emphasizes on the policies in regard to taxation."
}