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{
    "id": 969249,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/969249/?format=api",
    "text_counter": 325,
    "type": "speech",
    "speaker_name": "Wajir South, JP",
    "speaker_title": "Hon. Mohamed Mohamud",
    "speaker": {
        "id": 13506,
        "legal_name": "Mohamud Sheikh Mohammed",
        "slug": "mohamud-sheikh-mohammed"
    },
    "content": " Thank you, Hon. Speaker. I stand to support this Motion. It is important and timely. I feel it contributes to the welfare of Kenya’s tax laws. It is important that we acknowledge the good work of the Committee. They have identified the values this Motion will add after the ratification of the Multilateral Convention on Mutual Administrative Assistance on Tax Matters. Much has been said and I do not want to take long. I just want to add and cite a few things which are valuable. Kenya signed the Convention on 8th February 2016 and it was approved by the Cabinet on 8th June 2016. Therefore, this approval indicates that Kenya is headed towards understanding the current global tax system and it wants to be part of it. I also want to encourage Kenya to become a tax haven because it is not. The Convection was developed by the Organisation for Economic Co-operation and Development and the Council of Europe to facilitate international cooperation for better operation of national tax. This is the key thing in the operation of our national tax. It is highlighted in the Articles of this important Convention. Article 2 outlines the taxes to which the Convention applies. Therefore, it gives the party compulsory social security contributions that are payable. This will help recoup the much needed taxes from those who keep their taxes and resources outside the country. Also, this country will hold other countries taxes. Article 4 requires sharing of information foreseeable for administration or enforcement of the domestic law concerning the taxes. This is a key contribution to the global tax system. Kenya will be viewed as a country that works with the international community on various things. On issues of money laundering, Kenya will be on the forefront and be identified for playing a key role in contributing to the global practices of taxes. I support the Motion. Thank you."
}