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{
    "id": 955078,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/955078/?format=api",
    "text_counter": 262,
    "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": "Hon. Temporary Deputy Speaker, just to mention a little about the Capital Gains Tax (CGT), although it is being raised from 5 to 12.5 per cent, there are some exemptions if you read through the Act. The CGT is not taxing those in rural areas. It is also not taxing land sales below 50 acres. So, it is not the ordinary man that the CGT is taxing. It is taxing those who are able and who make much money. So, we need to look at the various sections of the Bill to ensure that taxation is balanced and the ordinary citizen is not heavily affected."
}