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{
    "id": 1441131,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441131/?format=api",
    "text_counter": 207,
    "type": "speech",
    "speaker_name": "Hon. Maero Oyula (",
    "speaker_title": "",
    "speaker": null,
    "content": "Butula, ODM): Thank you, Hon. Speaker, for giving me this opportunity to also contribute to this important Bill. I want to start by thanking the Departmental Committee on Finance and National Planning for the work well done. It took a long time, but they prepared a good Report. Notwithstanding the amendments made, this Bill is a disaster. This Bill assumes that the tax rate should be increased, which is not okay for this country. We should not take ourselves to a higher tax regime and cause stress to our business community and individuals. The Government needs to move slowly towards a higher tax regime. If the Government moves fast on this, we will not balance our budget. We need to raise revenue, but at the same time, the tax rate should be comfortable for Kenyans. As we go through this Bill, we should note that increasing the tax rates does not guarantee raising revenue. This happened in the Finance Bill for 2023, and we never achieved our target. Chances are that we may also not hit the targets this year. So, the National Treasury should not come up with such disastrous proposals regarding tax rates. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}