{"id":955076,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/955076/?format=json","text_counter":260,"type":"speech","speaker_name":"Butula, ODM","speaker_title":"Hon. Joseph Oyula","speaker":{"id":13313,"legal_name":"Joseph H Maero Oyula","slug":"joseph-h-maero-oyula-2"},"content":"The Bill also realigns the taxes by ensuring that the areas that are overtaxed are brought down; except the areas that require a lot of tax such as the sin taxes which must be increased. The Bill also adjusts some rates which have been brought in. I am sure that at a certain time, some of these rates will be lowered or removed. The Bill has improved on the withholding tax by reducing it from 6 to 2 per cent. This assists those who are collecting tax by ensuring that their money is not held for a long time. So, that reduction improves their cash flow."}