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{
    "id": 1407057,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1407057/?format=api",
    "text_counter": 627,
    "type": "speech",
    "speaker_name": "Nominated, ODM",
    "speaker_title": "Hon. Irene Mayaka",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": " Thank you, Hon. Temporary Speaker. I was drawing the attention of the Chairperson of the Departmental Committee on Finance and National Planning to this because the Leader of the Majority Party talked about base erosion. I just wanted to point him in the direction of the model that the European Union (EU) uses. They have a Digital Service Act (DSA) that ensures that countries within the EU are subjected to those specific rules, so that they avoid the dual taxation that happens for multinational companies. That is very important for our example as well because we could have similar situations within the African sphere for multinational companies that have a base either in East, Central or Western Africa. I agree with the submission by the Kenya Private Sector Alliance (KEPSA) because they have spoken very well to this matter. They have given us a view. I like the fact that the Report of the Committee speaks to that. It states that Kenya should reserve the right to apply domestic laws to resolve cases of dual resident entities. This is very important for us. KEPSA speaks to this matter because majority of the multinational companies that operate within Kenya, and the other countries in East Africa, are their members. This is very important to them as it seeks to ensure that once this Report is passed, those multinationals that operate within our space are protected. I also agree with the reservations on Articles 5 and 16 of the Convention on Application of Methods for Elimination of Double Taxation and Mutual Agreement Procedure respectively. This is because some of the issues that have been allayed in Article 5 do not reflect on the current nature of the economy and market that we operate in as Kenya. It does not favour us. It favours markets that are more advanced than ours. Therefore, we must always remember that"
}