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{
    "id": 482155,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482155/?format=api",
    "text_counter": 293,
    "type": "speech",
    "speaker_name": "Hon. Tonui",
    "speaker_title": "",
    "speaker": {
        "id": 1242,
        "legal_name": "Ronald Kiprotich Tonui",
        "slug": "ronald-kiprotich-tonui"
    },
    "content": "There is also the issue of Capital Gains Tax. On the issue of real estate, this one is not being introduced which I believe is fair; that we do not introduce tax on real estate to encourage people to invest in housing. We need to improve the state of housing for our people. We need to encourage investors in the housing sector and this Bill is not bringing in the Capital Gains Tax on real estate. It is exempting it and I welcome it. There is also the issue of mining rehabilitation expenses. This is not being addressed. As we become a mining nation; as we are discovering more and more minerals, we need to get a comprehensive Bill on mining and, more so, on taxation. There should have been something to deal with rehabilitation expenses after mining. After a company has exhausted minerals in a particular area, there should be certain taxes to take care of rehabilitation of the exhausted mines. There is also the issue of petroleum. We thank God that we have discovered oil and gas in this country. I think that is a great blessing to this country because it will transform the economy and create employment for our people. This is highly welcome. 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."
}