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{
    "id": 969243,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/969243/?format=api",
    "text_counter": 319,
    "type": "speech",
    "speaker_name": "Nyaribari Chache, JP",
    "speaker_title": "Hon. Richard Tong’i",
    "speaker": {
        "id": 2611,
        "legal_name": "Richard Nyagaka Tongi",
        "slug": "richard-nyagaka-tongi"
    },
    "content": "If you look at the kind of concern this Convention addresses, it is meant to make Kenya a better place to live in, not just for us, but for generations to come. This Convention addresses key issues which have been affecting this country. In the past, we have heard of cases where people have taken money from this country and kept it in other countries where tax evasion is allowed. This will be a thing of the past with the signing of this Convention into law. We have heard of countries in Africa that have signed it and seen the benefits therein. Countries like our immediate neighbour Uganda, South Africa and Nigeria have made a lot of money by signing the Convention. We believe Kenya, being one of the biggest economies in Africa, should have done this yesterday. However, it is never too late and I think we are doing the right thing. This will help us to increase our income through tax collection by KRA. Also, it will manage the illicit money that has been going out there and can be used locally to grow our economy. We are all complaining because of the debt level in the country. This has been brought about by our inability to collect enough money to finance activities of this country and our budget. But by signing this Convention into law, we will address these issues and ensure that money meant for Kenyans is brought back. We have heard of corporates doing business in Kenya, but their headquarters are in other countries. This is strategic because out there, they can cheat and get tax exemption. Those tax haven countries will be a thing of the past. This Convention will create an enabling environment where all countries will do business at the same pace and level. No country will be considered a tax haven. Finally, as I wind up, this will create employment opportunities for the youth. Once we have enough money, we will do projects, invest in infrastructure and create an enabling environment that will attract foreign investors to put up businesses in Kenya. In the process, we will create employment. With that and in the interest of time, I support the Convention."
}