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{
    "id": 377199,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/377199/?format=api",
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    "content": "institutions and raise money to pay salaries, including salaries of the Members of Parliament. It also needs to raise money to pay salaries of the health workers and teachers. It needs to raise money to improve the living standards of all the Kenyans. As a Member of the Finance, Planning and Trade Committee, we have looked at the Bill and it is also important that we note that there are certain grey areas that require amendments. Therefore, I support this Bill, but with amendments which we are going to bring at the right time, during the Committee Stage, so that we can address some of the areas of concern, especially the areas that concern the poor people of this nation. A case in point is the tax on basic commodities. We are saying that we are going to propose an amendment to some basic commodities like maize, rice, flour, infant milk and sanitary towels, so that those commodities are exempted from VAT. We are also saying that the proposed Bill comes with certain changes which, if we do not address, will remove the opportunity for fiscal stimulus in certain key sectors of the economy like agriculture, mining, energy and infrastructure. So, we are saying that there are certain areas that we have to amend. For instance, if you look at mining, it is a very risky investment. It is a risky venture. If we are going to impose tax on supplies in this sector, then we will discourage investments. We will be proposing some amendments in those areas. If you look at Chapters 84 and 85 in terms of exemption on plant and machinery, there are certain local services that are consumed by this sector, which will also be subject to tax. These are inputs in the mining sector. We need to look into all those areas and consider proposing amendments. When you look at the aviation industry, taxation on the purchase and leasing of aircraft will render our aviation industry incompetent. It might not be able to compete with other industries within the region. We will also be looking at this and proposing certain amendments. With those few remarks, I beg to support. The Bill is not as bad as it has been painted. The Bill is good, but there are certain areas that we need to amend, so that we can make it acceptable and good for all Kenyans."
}