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{
    "id": 1441098,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441098/?format=api",
    "text_counter": 174,
    "type": "speech",
    "speaker_name": "Nyaribari Masaba, ODM",
    "speaker_title": "Hon. Daniel Manduku",
    "speaker": null,
    "content": " Thank you, Hon. Speaker. For the avoidance of doubt, I stand to oppose the Finance Bill, 2024 and urge my colleagues to vote no. The Bill, as presented before the House, goes against our tax policy, which we approved in this House. Curiously, in an effort to expand the tax base, there is a provision that has been sneaked in that will compel families to pay capital gains tax on land that they transfer to their children. I find the proposal to amend the Stamp Duty Act Cap. 480 difficult. If I give my son land or ask my family to donate land to my children, I will be compelled to pay some taxes. Having worked at the Port of Mombasa, I can tell you that this country is a net importer. Therefore, increasing the Import Declaration Fee by 0.5 per cent will have a net effect of having expensive goods manufactured locally. There is also a provision in this Bill that seeks to expand or extend the number of days that the Kenya Revenue Authority can get back to taxpayers on decision-making from 60 to 90 days. I find it curious that you want to give the taxman a lot of time to get back to us on very simple decisions that would otherwise streamline taxation. My advice to the Government is that it should get down to work. It should also avoid listening to twitting economists, avoid many prayers, get back to work, and grow the economy."
}