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{
    "id": 482150,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482150/?format=api",
    "text_counter": 288,
    "type": "speech",
    "speaker_name": "Hon. Tonui",
    "speaker_title": "",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": "Hon. Temporary Deputy Speaker, in this Bill, we are trying to encourage tourism; people to visit the various tourism spots in this country and, more so, after what we have faced through terrorism. There are a few foreigners who are now visiting this country as tourists. We need to encourage locals to visit our hotels at the Coast and Maasai Mara, so that we do not lose jobs in those places. In this Bill, there is what we call tax deductable allowance for employees in various sectors in the Government. So, that is being dealt with here and I believe it needs to be encouraged. There is also what we are calling transfer pricing manipulation which multinationals are engaging in. What the multinationals are doing is of great disservice to this country. They transfer most of the money which they make in the local branches of the companies. They transfer the profits they make to foreign branches and what they show in their books is something small so that this country loses out in terms of Corporate Tax. This needs to be dealt with and I The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}