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{
    "id": 237231,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/237231/?format=api",
    "text_counter": 215,
    "type": "speech",
    "speaker_name": "Mr. M'Mukindia",
    "speaker_title": "",
    "speaker": {
        "id": 271,
        "legal_name": "Kirugi Joseph Laiboni M'Mukindia",
        "slug": "kirugi-mmukindia"
    },
    "content": "November 1, 206 PARLIAMENTARY DEBATES 3337 How much more are we likely to get out of this? How much burden are we putting on property prices? Who is going to be affected more? Is it the rich or the poor? It is not the rich as the Minister said earlier. It is actually the poor who are going to suffer more. Instead of making the properties available cheaply so that those who are able to move upwards and buy bigger houses or more expensive houses can vacate the houses they live in for the other poorer people to buy or move in, we are making it more expensive. Why are we doing that? Is it an issue of raising revenue really? No! Is it a market force thing? Perhaps! Why are we doing that? So, I again totally oppose this business of Capital Gains Tax. I think the Minister should amend that clause or delete it. It does not help. I believe that even the cost of administering that tax will be very high. We are burdening the Kenya Revenue Authority (KRA) with additional work when we are not even able to pay them the 1.5 per cent revenue that we are supposed to pay them."
}