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{
    "id": 482358,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482358/?format=api",
    "text_counter": 158,
    "type": "speech",
    "speaker_name": "Hon. Gichigi",
    "speaker_title": "",
    "speaker": {
        "id": 1909,
        "legal_name": "Samuel Kamunye Gichigi",
        "slug": "samuel-kamunye-gichigi"
    },
    "content": "of collection by KRA should come down; the expenditure by the Executive should also come down. Hon. Deputy Speaker, when it comes to taxes Kenyans might feel that they are overtaxed, but what is happening is that the formal sector in this country pays about 90 per cent of taxes that are collected. It is the people who are employed in the formal sector by the Government and big corporations who pay taxes; individuals and small businesses do not pay taxes. Even income tax is not paid. So these are the new frontiers that obviously the KRA has to venture into to ensure that this Bill sees the light of day. Hon. Deputy Speaker, it is not cheap to go, for example, to Gikomba, Dagoretti slaughterhouse or Njiru slaughterhouse. We will urge the National Treasury to always ensure that the KRA is well funded, so that they do not slacken in collecting our taxes. Hon. Deputy Speaker, I also support this Bill because it has raised the issue of capital gains tax on minerals. This is a new frontier and I am hoping that our tax authorities are going to train their officers, so that they are able to handle these new sectors before those sectors learn how to hide taxes as most of the multinational companies have been doing. It is important that KRA trains its officers to deal with this issue. Hon. Deputy Speaker, it is very sad that many years after the capital gains tax on land, stock and shares was removed it has not been returned. The truth be said that this country can raise a lot of taxes if that particular sector is taxed. I think it is high time we saw law being introduced in this House; I will be urging my colleagues to receive such a Bill, or such proposals, with approval. Previous parliaments acted selfishly and rejected the proposals to return capital gains tax on real estate and shares."
}