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{
    "id": 951885,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/951885/?format=api",
    "text_counter": 201,
    "type": "speech",
    "speaker_name": "Kilifi North, ODM",
    "speaker_title": "Hon. Owen Baya",
    "speaker": {
        "id": 13373,
        "legal_name": "Owen Yaa Baya",
        "slug": "owen-yaa-baya"
    },
    "content": " Thank you very much. I would like to support the reduction. As it has been said, if the Capital Gains Tax is very high, the property market comes down. If we bring it down, we have a bigger expansion. There are more people who will go into the real estate business; therefore, we will have more people paying the Capital Gains Tax. If we raise it, it means that there will be fewer people; therefore, you are reducing the basket and the bracket. You will, therefore, have less people paying tax. It is important that we expand the bracket for taxation by lowering it and getting more people to pay the tax."
}