18 Sep 2019 in National Assembly:
My notes are wrong. It is Standing Order No.83. We may look at it.
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18 Sep 2019 in National Assembly:
Yes. Let me get to Standing Order No.83.
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18 Sep 2019 in National Assembly:
Thank you. When I made these notes, the person who typed them typed Standing Order No. 40(3) instead of Standing Order No.83. Do not worry. I will proceed. There is a proposal to amend Section 48 of the Proceeds of Crime and Anti-Money Laundering Act. What is envisaged here is to provide that advocates who represent their clients will be under legal obligation to disclose any suspicious transactions which are taking place within their areas of practice or firms. Having considered this subsection or this proposed amendment, I am of the considered opinion that the proposal is first and foremost ...
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18 Sep 2019 in National Assembly:
Hon. Speaker, it is the same Standing Order you have read. The reason I do so is to ensure that before we come to debate, we have a basis upon which some of the sections can be declined now, so that we move on to pass the Bill or agitate for the entire Bill to be defeated. I am giving notice before the Bill is moved. We feel that the matters that are being raised are very weighty.
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18 Sep 2019 in National Assembly:
That is why I seek the direction of the Chair to get a ruling on it so that the Bill is not moved before we are considered. That is what I wish to do. If the Bill is moved, then it is without the proposed amendments. We feel that they touch on constitutional matters and other statutes, especially the one which is proposed to be amended.
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18 Sep 2019 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. I rise to add my voice to the Finance Bill, 2019. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor.
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18 Sep 2019 in National Assembly:
I start by emphasising that a Finance Bill is purely meant to give ways and means by which the Government is supposed to raise its revenue, which it budgets for and which is used for the wellbeing of the citizens. This is a good Bill save for the reservations we have made which are always mischievous and curious. We have statutes that have nothing to do with revenue-raising being brought into the Bill with a view to amending those particular laws and whose repercussions sometimes are adverse to the people. We have just raised one which we are going to ...
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18 Sep 2019 in National Assembly:
Taxation in this country is said to be very high. In fact, it is said that the country does not move forward fast because of the high rate of taxation. We would, therefore, urge the fiscal section of the country to ensure that our taxation is not inhibitive and does not prohibit investments, but one that encourages investors. That way, as a result of investments, we will be able to produce more, get more income and create employment. Unemployment is a dilemma in the country. Young and very educated people do not have jobs. The reason is that we are ...
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18 Sep 2019 in National Assembly:
It is also important to emphasise that while we collect revenue using various methods of taxation that have been introduced in the Bill, the money is meant for rendering services to the people of Kenya. Whether the revenue is by the central Government or by the county governments, it should be for the benefit of the citizens as intended. We know very well that there are vices that come with money collection and the most prevalent one is corruption. Money is collected through taxation and then it is misapplied because of rampant corruption in various sectors. We call upon the ...
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18 Sep 2019 in National Assembly:
It is very important to avoid substantive amendments coming to the House through a Finance Bill. We know for sure that there is mischief when that is done. It is that mischief that we must curb such that what comes through a Finance Bill are means and ways of raising money. What comes through a miscellaneous amendment Bill are minor amendments to our laws and not substantive amendments which affect other laws. So, as we await the ruling from the Speaker, we will be keenly following this debate to see whether we are doing anything substantive through the Finance Bill ...
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