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{
    "id": 576865,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/576865/?format=api",
    "text_counter": 428,
    "type": "speech",
    "speaker_name": "Hon. Chepkong’a",
    "speaker_title": "",
    "speaker": {
        "id": 1154,
        "legal_name": "Samuel Kiprono Chepkonga",
        "slug": "samuel-kiprono-chepkonga"
    },
    "content": "We are proposing that the new sub-clause be reinstated as it was contained in Section 60(4) of the existing or the current Companies Act Cap.486 on exemption of companies to pay stamp duty on the redemption of shares in exchange for new shares. The provision will ensure that the companies are not taxed twice. This is to remove double taxation on the part of companies."
}