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{
    "id": 841548,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/841548/?format=api",
    "text_counter": 464,
    "type": "speech",
    "speaker_name": "Sen. Farhiya",
    "speaker_title": "",
    "speaker": {
        "id": 13179,
        "legal_name": "Farhiya Ali Haji",
        "slug": "farhiya-ali-haji"
    },
    "content": "I also want to talk about taxation of basic commodities. One of the impacts of taxation on basic commodities is that it touches on the lives of common mwananchi ; meaning the poor people of this country who are already languishing in poverty. Sometimes some taxation might not have the desired impact. An example is if we add tax on fuel. If I am then using industry to produce certain commodities, the ability for that company to pass over that taxation to the consumer will depend on two things: One, if there is no competition against that industry, then the manufacturer will pass that tax to the consumer so as not to impact on his bottom line. If that does not happen, the profit for that company will be less. Once the profit is impacted, the ability of that company to pay corporate tax will come down since they are not able to pass their costs to the consumer. In essence, you do not have any impact because you did not gain what you would have gained from this side, yet you have made inflationary impact by maybe devaluing of our currency and made people pay more for commodities. The person who should have paid more corporate tax is now paying less. In essence, it will have a knock-on effect"
}