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{
    "id": 482359,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482359/?format=api",
    "text_counter": 159,
    "type": "speech",
    "speaker_name": "Hon. Gichigi",
    "speaker_title": "",
    "speaker": {
        "id": 1909,
        "legal_name": "Samuel Kamunye Gichigi",
        "slug": "samuel-kamunye-gichigi"
    },
    "content": "I am happy that this Bill is attempting to tackle the problematic area of transfer pricing. I would like to tell the KRA and the National Treasury to look at the mandarins in the main multinational companies, including multinational banks. These are the people who are stealing money from this country. They purport to pay expenditure and salaries abroad. You find that an expatriate is paid Kshs3 million while a corresponding local is paid Kshs500,000, which is a quarter of what the expatriate is paid. The truth of the matter is that this money does not always get into the pockets of these expatriates. This is part of transfer pricing. I also urge the KRA to focus on the tea and horticultural companies. These are the people who are cheating this country. It is important that we train our officers to deal with that complicated issue. 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."
}