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{
    "id": 1441170,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1441170/?format=api",
    "text_counter": 246,
    "type": "speech",
    "speaker_name": "Embakasi West, JP",
    "speaker_title": "Hon. Mark Mwenje",
    "speaker": {
        "id": 1429,
        "legal_name": "George Theuri",
        "slug": "george-theuri"
    },
    "content": " I thank you, Hon. Temporary Speaker. I rise to reject the Finance Bill 2024. From the onset, I just want to bring to your attention that Gen Z has been encouraging us to steal the Bill and run out with it. We hope that the Speaker will communicate that the process does not work that way. Hon. Temporary Speaker, the Finance Bill 2024 has a lot of grievances, whether the motor vehicle or bread tax. Exempting VAT from the transfer of businesses makes me wonder; whose business is this that wants to be acquired? There are also too many other taxes. If you look at the Report, it has retained Excise Duty on motorcycles. It has also retained tax on data and we are talking about digital hubs. On gambling, there is a tax that has been increased for both VAT and Excise Duty. This will lead to a black market, and more importantly, less collection as we saw last year. The target was Ksh31 billion, but we only collected Ksh26 billion. We should learn from the Capital Gains Tax; last year, we increased it, but we are reducing it this year. We are doing that because we collected less last year. I would also like to speak to the Eco Levy on medical equipment such as cancer. Why are we increasing taxes on cancer patients? Imports. We are an importing nation. We must accept IDF until we can produce locally to satisfy our local market. We must consider that we are still an importing nation. If you walk around Nairobi, you will find out that shops have been closed. Clause 57 proposes that if you fail to integrate into eTIMS, the fine is Ksh2 million. The Committee is proposing to lower this, but they have not indicated the amount. So, that is what you stand to lose. Hon. Temporary Speaker, the Finance Bill 2024 and last year’s, based on the number of businesses it is killing, operate like a serial killer. Serial killers leave a trademark so that they can be identified. Do you want to find it in this Finance Bill 2024? It is in Clause 66. Why would you put that Clause there? Clause 63 talks about accessing your data. I want to challenge the entire House to look at the amendments of the Committee. They have not said whether they are withdrawing this clause. This clause remains as per the recommendation in the Report. And I want to tell the Members on the other side that this clause will hurt them more than it will hurt me. Finally, why are we deleting Section 54 of the Housing Act 2024? Who are we selling these houses to?"
}