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"id": 1442081,
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"type": "speech",
"speaker_name": "Kathiani, WDM",
"speaker_title": "Hon. Robert Mbui",
"speaker": null,
"content": "Hon. Speaker, I do not understand what they were thinking about, drinking or smoking when they came up with the proposal of VAT on financial services, money transfer and M-pesa. It is very unfortunate. Some of these proposals like 25 per cent excise duty on edible oil and 2.5 per cent on motor vehicles tax are preposterous. I believe that all these proposals were a smokescreen. If you read the 48 laws of power, it talks about leading people in the wrong direction until they lose focus. We have concentrated on the proposals that are very clear, but the real intention was to do what this Committee has proposed. We will think things are now okay and then they will increase Road Maintenance Levy (RML) and the import duty. That is their intention. The net effect is likely to be that this Finance Bill may be collecting almost as much, if not more than, as the previous proposal."
}