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"type": "speech",
"speaker_name": "Suba South, ODM",
"speaker_title": "Hon. John Mbadi",
"speaker": {
"id": 110,
"legal_name": "John Mbadi Ng'ong'o",
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"content": "First, allow me to talk about two or three positives of this Bill. The first one is on the definition of dividends which has been expanded to include profits or gains which will be taxed where dividends are distributed without paying tax. Most corporations nowadays have realised that they can pay shareholders or owners of businesses through the backdoor without attracting taxation. Sometimes arrangements are made to transfer benefits to shareholders in form of debt The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}