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{
"id": 1332879,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1332879/?format=api",
"text_counter": 528,
"type": "speech",
"speaker_name": "Emuhaya, ANC",
"speaker_title": "Hon. Omboko Milemba",
"speaker": null,
"content": "Also, this policy will lead to a situation whereby we can predict the tax regime. This will go a long way in attracting foreign investors. The speaker preceding me talked about how investors are moving from Kenya to Tanzania and the neighbouring countries. It is important that we have a tax policy with a time frame that indicates the period that a levied tax will take before it is changed. We have been operating on a knee jerk reaction where you can change it anytime. Investors who come in having been attracted by a particular tax law, go ahead and invest a lot of money in that particular sector only to realise that the same has been changed in six months or one year. That makes them run away to countries like Tanzania and Uganda possibly where there are serious tax policies where you can predict what is going to happen in the sector. So, I find that very good."
}