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{
    "id": 1512713,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1512713/?format=api",
    "text_counter": 1084,
    "type": "speech",
    "speaker_name": "Embakasi West, JP",
    "speaker_title": "Hon. Mark Mwenje",
    "speaker": {
        "id": 1429,
        "legal_name": "George Theuri",
        "slug": "george-theuri"
    },
    "content": " Thank you, Hon. Temporary Chairman. I had an amendment at some point, which I wanted the Chairman to note. It was on the issue of increasing Excise Duty on betting. The Chairman proposed to increase it from 12.5 per cent to 15 per cent, and I proposed to increase it to 12.8 per cent. My concern is that the effect of increasing Excise Duty from 12.5 per cent to 15 per cent is that we will collect less taxes, just as we saw with the Capital Gains Tax (CGT), which we increased from 5 per cent to 15 per cent. The Chairman is talking about increasing collections, but I am not sure he will collect more taxes. The effect of increasing Excise Duty from 10 per cent to 12.5 per cent led to fewer collections. Increasing it from 12.5 per cent to 15 per cent will reduce the collections even further. I hope the Chairman reconsiders."
}