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{
    "id": 1346474,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1346474/?format=api",
    "text_counter": 366,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "We need to be very careful going forward because there have been very serious problems of tax evasion. Many people evade paying taxes, which results in loss of revenue to the country. Once taxes are imposed, consumer prices shoot up, which affects everybody in the republic. Taxation can be an impediment to the economic growth of our country. This Policy will address those factors that have affected many Kenyans. It is true that once we have a tax policy, it will regulate the tax regime and put into force a good system of how taxes will be formulated and at the point at which they will need to be revised. This policy is aimed at aligning the Government goals with the tax regime. That is a very important point that the Committee has brought forward. We need to encourage foreign investors. Many investors close their businesses because of high cost of doing business. If taxation is very high in the country, foreign investors will go to invest in other countries. We need to ensure that once Kenyans pay taxes, they are utilised for social and economic responsibilities of the Government. This policy is going to align our economic stability, social funding and our investor confidence, and at the same time focus on revenue generation. This policy has come at the right time. Most of the problems that we are experiencing that we hear Kenyans crying about are because we never had a policy. So, going forward, we will see a lot of reviews and adjustments in policies. The Government will address tax matters by having correct registration. So, we will not have issues to do with the complaints that we have heard. We must pay taxes. There is no country in the world where its citizens do not pay taxes. We must pay taxes because we need service delivery. However, taxes cannot be the only source of revenue. We need to look at how we can make money from other avenues. We should increase our investment so that we have more income. The income can be revenue that can be injected to our economy. I support."
}