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{
    "id": 846742,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/846742/?format=api",
    "text_counter": 269,
    "type": "speech",
    "speaker_name": "Funyula, ODM",
    "speaker_title": "Hon. (Dr.) Wilberforce Oundo",
    "speaker": {
        "id": 13331,
        "legal_name": "Wilberforce Ojiambo Oundo",
        "slug": "wilberforce-ojiambo-oundo-2"
    },
    "content": "The second point of concern is the issue of Excise Duty on money transfer. They want the 0.05 or the Robin Hood Tax as it has been called by the tax experts. There is a point of concern here. Indeed, we are criminalising the electronic fund transfer. They want to take us back to the old days when we would deal in cash to avoid detection by the banking system. I would recommend the Departmental Committee on Finance and National Planning to make reasonable exceptions. For example, if I transferred funds from my salary account to my loan account, I should not be subjected to a tax because I am paying a liability and I am simply transferring from the right hand to the left hand or from the left to the right hand. So, I would request that among the exceptions that the Departmental Committee on Finance and National Planning has made in its Report, they need to extend the same exemptions and, for purposes of clarity, to avoid the question of loan accounts being subjected to the same taxation. On the same account, there is a question of electronic money transfer popularly known as Mpesa, Airtel Money and the rest. I note that one of my colleagues earlier in the day was very categorical. He made a request that Safaricom, even though it is common practice to make profit in business, in a scenario of difficult economic situation, some profits are immoral and unnecessarily abnormal. They should basically share with the common mwananchi the burden of paying that Excise Tax even though we appreciate it is an indirect tax that is borne by the consumer. However, we can craft, without sticking to typical arrangements, a system whereby 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."
}