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{
    "id": 482354,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482354/?format=api",
    "text_counter": 154,
    "type": "speech",
    "speaker_name": "Hon. Onyura",
    "speaker_title": "",
    "speaker": {
        "id": 12833,
        "legal_name": "Michael Aringo Onyura",
        "slug": "michael-aringo-onyura"
    },
    "content": "Hon. Deputy Speaker, thank you. I had risen to support this Bill, the main reason, of course, being that it is a Bill that seeks to give effect to the provisions of what was read in the Budget. The objective of the Bill as indicated in the Bill itself; it seeks to amend the Competition Act, provide for the clarity, align it with international best practice and ensure reduced regulatory and transaction costs. Even more importantly, the Bill seeks to amend the Act to ensure predictability and transparency in enforcement. I think this is very important. I think what has been a problem in some of our rules and laws really is the element of predictability. This is important if we expect to attract investors. To encourage both the foreign and Kenyan investors, it is important that not only the way rules are applied is transparent but is also predictable. Since this relates to taxes, maybe I would wish to take this opportunity to thank the Kenya Revenue Authority (KRA) for the good work that they are doing. As we know, they have consistently met their targets, and they are doing a good job. I think what they need from us is encouragement them and recognition of the good work they are doing. We also appeal to the management, the board and the Treasury, who are their principals, to ensure that they are properly facilitated and also motivated. They should also ensure that they are well remunerated because their job and the environment in which they work are very sensitive. The revenue environment is very sensitive and we must do everything to ensure that we do not allow them to fall prey to temptations from tax cheats and evaders. Hon. Deputy Speaker, I know there have been comments at times that Kenyans are among the most taxed people in the world. From the information and knowledge that I have, that may not be necessarily correct. I think that the rates of taxation in Kenya compare fairly well with those of other parts of the world. I think the reason why Kenyans tend to think that 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."
}