22 Dec 2020 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman. Let me begin by thanking the Chair of the Departmental Committee on Finance and National Planning because she has, indeed, proved to be a very consultative leader. We have consulted. As you saw, even the time you were accusing me of being all over, I was still consulting with Hon. KJ still trying to convince him to drop the amendments that maybe would go with this. It is important to mention that in the amendments, as the Chair says, there are issues that need to be looked into more comprehensively during the Finance Bill. ...
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22 Dec 2020 in National Assembly:
However, my main concerns were especially on the issue of minimum tax in relation to business in insurance and for businesspeople who are dealing with goods or services whose pricing is regulated by Government. Since the pricing is not done by the people engaged in business but are regulated by the Government, we needed to protect them. Since the Chair has an amendment The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor.
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22 Dec 2020 in National Assembly:
that captures that, she has convinced me and I would be willing to drop mine, if and when hers passes. So, I appeal to the House at least to support the Chair’s and the Committee’s amendment. Thank you, Hon. Temporary Deputy Chair.
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22 Dec 2020 in National Assembly:
Thank you, Hon. Deputy Speaker for giving me this opportunity. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor.
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22 Dec 2020 in National Assembly:
Hon. Temporary Deputy Chairman, Hon. Junet never believes when I say I am withdrawing, once we pass the Chair’s amendment, and he was indeed confirming whether I was still withdrawing. I have confirmed to him. Let me confirm on record that I am withdrawing subject to the passage of the Committee’s amendment.
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22 Dec 2020 in National Assembly:
You remember that earlier this year, while I served as the Chair of the Budget and Appropriations Committee, I was seated around where Hon. Mwathi is seated. I cautioned this House that we were making a terrible mistake by sacrificing revenues at a time our economy was already battered even pre-COVID. The economy did not go wrong with COVID-19. Our revenues were terribly battered even pre-COVID. I cautioned the House. I rise today to once again caution us as the people’s representatives because we have been sent to this House to represent the people and speak on their behalf because ...
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22 Dec 2020 in National Assembly:
Specifically, Hon. Deputy Speaker, I want to speak about Pay as You Earn (PAYE). If the Departmental Committee on Finance and National Planning tables what they are discussing there today, we will move people who are being taxed at 30 per cent from Kshs57,000 to Kshs32,000. Even your drivers and house-helps will now be paying tax at 30 per cent. Thirty per cent of Kshs32,000 is Kshs9,600. I pray that whatever deliberations the meeting which is going on up here will come with will be….
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22 Dec 2020 in National Assembly:
Give me one minute. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor.
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22 Dec 2020 in National Assembly:
Having consulted with the Chair, my amendment was basically seeking to defer this to the end of June 2021 to allow those people who are earning less than Kshs 50,000 to benefit from the increased lower taxes. However, if you look at the rates as they have been computed there, I have done my homework because I asked one staffer from the Parliamentary Budget Office to get me an analysis. I think the same analysis has been shared with the Committee. As Junet said, I am a senior accountant so I am very keen on these things to ensure that ...
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22 Dec 2020 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. Hon. T. J. Kajwang’ was asking the chemistry among Hon. Junet, Chair of the Departmental Committee on Finance and National Planning, and I this afternoon. Hon. Junet and the Chair understand what we have effectively done with the amendments that we have made in the Tax Laws (Amendment) (No. 2) Bill this afternoon. We have exempted those people who trade, import, process or sell products or services whose prices are controlled by the Government from minimum tax. Therefore, when we said that we sought to protect consumers, from tomorrow we do not expect anybody ...
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