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"id": 736609,
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"type": "speech",
"speaker_name": "Hon. Maanzo",
"speaker_title": "",
"speaker": {
"id": 2197,
"legal_name": "Daniel Kitonga Maanzo",
"slug": "daniel-kitonga-maanzo"
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"content": "I have also seen an increase in PAYE. When I look at it, it takes care of the lower cadre, but it is higher to the high cadre income earners. Therefore, it is a way of balancing, but still Kenyans are being overtaxed. We have to be careful not to overtax Kenyans. There are quite a number of other taxes in this Bill which relate to Islamic banking. The Islamic faith has a specific regime which falls under the Islamic Law on how to deal with money from cooperatives, savings, credit unions, microfinance to normal banking. There is the Sukuk and the Haram issues that talk about making unusual profits from whatever transactions in financial banking. We should have a balance."
}