31 May 2023 in Senate:
Mr. Speaker, Sir, secondly, Sen. Wakili Sigei’s Petition is very interesting, but it seems to have escaped the attention of many Senators. I have listened to most of my colleagues and they only commented on the Petition about evictions by the KPC.
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31 May 2023 in Senate:
This is an interesting one. Global conglomerates are increasingly facing scrutiny, either by Parliaments, or regulatory bodies in the countries they operate. The scrutiny is for various malpractices; either in the accounts reporting or even breach of data and so many foul things that these multinationals are found to breach.
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31 May 2023 in Senate:
Thank you, Mr. Temporary Speaker, Sir. I want to thank the Cabinet Secretary for his appearance and the response he has brought to the House. This is a very important topic that we are discussing. While the conversation centred majorly on BMA, any prudent Cabinet Secretary will also plan for eventually what happens to these students after they are done with the college. Mr. Temporary Speaker, Sir, the question I want to ask the good Cabinet Secretary is if his Ministry has set any conditions precedent before any shipping line is allowed access into our waters to give them, perhaps, ...
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31 May 2023 in Senate:
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31 May 2023 in Senate:
You are aware that presently in the European Parliament, there is a big fight between the Irish data regulator and Meta, the parent company that owns Facebook . They have been fined over a billion dollars just for breach of data. It was for transferring data from European residents back to the USA.
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31 May 2023 in Senate:
It points to the fact that citizens, regulatory bodies and parliaments are increasingly becoming aware of the evil practices of many multinationals that operate in countries other than their origin, with very little regard to the rule of law.
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31 May 2023 in Senate:
I know this is the practice. It is not just the East African Breweries Limited (EABL) as is being mentioned in this Petition. When I read the tax records of the Kenya Revenue Authority (KRA) about leading taxpayers, for example; you will find that very small eco-lodges in Narok are paying more taxes than the people who run the huge multinational plantations back in Kericho County. It cannot make sense.
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31 May 2023 in Senate:
It does not make sense, but because of exactly the same situation that is being described in that particular Petition, KRA are unable to follow through and ensure that these institutions pay the taxes that are due of them. Unfortunately, because of the pettiness of the conversation around the Finance Bill, 2023, very important snippets and proposals that have come through – after many years of conversations about what to do with such companies – are missing out.
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31 May 2023 in Senate:
In the Finance Bill, 2023, you will find a repatriation tax proposal. It is now being proposed that these companies that repatriate profits out of Kenya, should first pay a local tax within their country where they ply their trade and practice. We pay police officers, we train their employees and they use our roads to run their trade. They then go and do their books in London and all these other posh capitals of the world, yet they pay very little taxes to this country.
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31 May 2023 in Senate:
I hope in the fullness of time when the dust settles and we have an adult conversation about the proposals that are in the Bill, at least, that shall not be one of the proposals that will fall down. I know this is not the first time that this is being proposed in the National Assembly. Unfortunately, as a House, we do not have the power to legislate on tax matters. However, at least we have a platform and the voice to speak on these particular issues.
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