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{
    "id": 482427,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482427/?format=api",
    "text_counter": 227,
    "type": "speech",
    "speaker_name": "Hon. Ng’ongo",
    "speaker_title": "",
    "speaker": {
        "id": 110,
        "legal_name": "John Mbadi Ng'ong'o",
        "slug": "john-mbadi"
    },
    "content": "Well, I am not a member of the Finance, Planning and Trade Committee, but I am more senior than hon. Langat in financial matters. He is my junior in all aspects. He came to the university when I was just about to leave. I qualified as an accountant before him. But, actually, listening to my friend, he completely did not understand me. The point I was raising is: Who are the people who are targeted for those vocational trips? They are not small Kenyans. They are the people who can afford to go on vacation. Again, even on the method, a way to implement this is going to be very difficult. With regard to Capital Gains Tax, over the years, we have called for its re-introduction. Even though the Treasury is recommended through this Bill, the introduction of a Capital Gains tax on natural resource income as well as night games drives from disposal of interest in natural resources is not exhaustive. For example, remember last year, I proposed an amendment to re-introduce Capital Gains Tax and, of course, the Jubilee side, true to their character, defeated my amendment without proposing amendments to it. Now they are introducing it through the back door and trying to take credit for it. What I am saying is this: Why are we not including real estate for example? People are investing in real estate and making huge profits in this country. Those are rich people. They are not just ordinary Kenyans. Those who are building and selling are not ordinary Kenyans. Those of us who do not have much money, we only build to live in those houses. But those in the business of real estate are people who are rich. I do not see why 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."
}