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{
    "id": 740223,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/740223/?format=api",
    "text_counter": 230,
    "type": "speech",
    "speaker_name": "Hon. Ichung’wah",
    "speaker_title": "",
    "speaker": {
        "id": 1835,
        "legal_name": "Anthony Kimani Ichung'Wah",
        "slug": "anthony-kimani-ichungwah"
    },
    "content": ". Makali Mulu let me tell you that the taxation of 12. 5 per cent is on gross revenue and not on net profit and a further 30 per cent as corporate tax is equivalent to almost 60 per cent taxation. Therefore, I would like to urge this House to support the amendments as proposed by the Committee because effectively we will not be killing an industry which is also employing many Kenyans. As a House, we must get the CS, Interior to gazette the regulations which were presented before the Committee to ensure we regulate this industry because if we do not, we are dealing with an evil which this country will not be able to handle in the next five years. Thank you, Hon. Chairlady."
}