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{
    "id": 1347052,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1347052/?format=api",
    "text_counter": 570,
    "type": "speech",
    "speaker_name": "Tinderet, UDA",
    "speaker_title": "Hon. Julius Melly",
    "speaker": null,
    "content": "The Sessional Paper is a blueprint which will guide this country to avoid the unpredictability of the taxation system. If it is not well anchored in a policy and good direction, it ends up making investors to run away from the country. It gives a very detailed overview on what the National Treasury should have in place, before they engage in any form of taxation system. There is also the motivation aspect of it. This will make sure the taxpayers do not look at the tax they pay as punitive, but as a form of enhancing and promoting the environment under which they can do business. Businesses thrive in a proper regulated tax environment. I have looked at the Sessional Paper which shows the various ways in which the National Treasury is guided to ensure that any form of taxation that comes into play has to first of all favour the business environment. It will promote and ensure there is creation and distribution of wealth, and there is fairness or equity across the republic and in all levels of producers. A tax system that does not look into the importance of the businesses and how to grow a business is actually inhibiting the growth of a country and that is why the national policy is having a global look from the lowest level to the big businesses and even the people who are in the pay roll and in the informal sector. This is a very important policy and this gives the direction under which, as a country, in all sectors of the economy, be it in agriculture, innovation, technology and in all these aspects, we will not develop taxation systems or policies that do not favour the growth of the industries that we have. Lastly, if you look at this policy, it seeks to establish a tax incentives and exemptions scheme that is aligned to Kenyans development agenda. The taxes that we have, if they are not well taken care of and administered, are going to make investors run away. This is a very good policy and I want to tell the Chairman that it is the right way to go and very soon our economy will grow. Thank you. I support."
}