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{
    "id": 482126,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482126/?format=api",
    "text_counter": 264,
    "type": "speech",
    "speaker_name": "Hon. Dido",
    "speaker_title": "",
    "speaker": {
        "id": 2749,
        "legal_name": "Col (Rtd) Ali Rasso Dido",
        "slug": "col-rtd-ali-rasso-dido"
    },
    "content": "pays his taxes. This Bill also addresses the taxation of extractive industries, especially petroleum. I think on this, we have to be really careful because the petroleum industry has been the driver for both inflation and commodity prices. In the world market, when the petroleum prices go down, there is no commensurate reduction at the pump price. That is what we have seen over the years. That is the case and yet, the companies that have been doing exploration and others which have been supplying petroleum products have gained so much from this country while doing their businesses. There are no dividends to the citizenry. I would like to speak about the rate of income tax applicable to a contractor. In this Bill, it has been said that a resident contractor will pay a tax of about 30 per cent and non-residents 37percent. When you look at most foreign contractors who are doing business in Kenya, more often, you will find that they are being sponsored and supported by their Governments. The locals actually do not get the same support or benefit from their own country. They go to the banks and borrow huge amounts of money. We can easily see a situation where locals can be crowded out of the business of petroleum exploration or trading in extractive industries. Hon. Temporary Deputy Speaker, I finally want to talk about taxation at the county level. The counties are the new grassroots governments that we have. We hear that there are efforts by those county governments to tax people within their different counties. But from the look of things, if we are going to heavily tax the citizenry at the grassroots, then the efforts of production - if corollary services are not provided - will be hampered."
}