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{
    "id": 237233,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/237233/?format=api",
    "text_counter": 217,
    "type": "speech",
    "speaker_name": "Mr. M'Mukindia",
    "speaker_title": "",
    "speaker": {
        "id": 271,
        "legal_name": "Kirugi Joseph Laiboni M'Mukindia",
        "slug": "kirugi-mmukindia"
    },
    "content": "We are not giving them credit where it is due. We ought to be giving them, at least, the 1.5 per cent that we have already agreed upon. Why are we not doing that? We are giving them more work. I, therefore, totally oppose this issue of the Capital Gains Tax. Mr. Deputy Speaker, Sir, if, indeed, we have to have Capital Gains Tax, why do we not pay tax on bonds and shares? This is where there is very little work by me putting my Kshs1,000 in the bond rather than me building a house and when I want to sell it, after sweating for three years, I have to pay tax. However, if I put my money into the Kenya Airways today and sell tomorrow, one day based on pure speculation, I can make Kshs1 million yet I pay no tax. However, if I take ten years to build a house and I sell it, I pay hefty tax. Where is the rationale? Where is the common sense of this?"
}