John Mbadi Ng'ong'o

All parliamentary appearances

Entries 2281 to 2290 of 7480.

• 29 Aug 2018 in National Assembly: Hon. Temporary Deputy Chairman, just as Hon. Wanga has put it, this is a very important amendment. I just want to correct Hon. Junet that this law was actually passed in 2013 and it has been postponed twice. The most critical thing is to note that it is the International Monetary Fund (IMF) that is forcing us into this. It should be understood, with regard to the steps the Government is taking to encourage other sources of revenue raising. We cannot rob the poor to fund our budget. Even as we postpone this tax for a further two years, this ... view
• 28 Aug 2018 in National Assembly: Hon. Speaker, I second this Motion and as I second, I just want to also reiterate that we are going on a one month long recess and we have some business that we must conclude. As the Whip of the Majority Party has just mentioned, the Finance Bill has to be concluded before the end of September. Therefore, we will be required to finalise that Bill. It is a very critical Bill. We are all aware as a House that the country has been debating this Bill a lot and this House requires time to look at it at the ... view
• 28 Aug 2018 in National Assembly: House so that, once we pass it, then we will not again hear Kenyans holding us into account for having passed a Bill that we did not properly consider, given that this is a Bill that is going to look at revenue-raising measures and it is going to impose additional taxes on Kenyans or lessen their burden. It would only be appropriate that we add more sittings so that we consider it plus any other matter that we would be required to transact before we proceed on recess on Thursday. I just hope that this House will agree with the ... view
• 28 Aug 2018 in National Assembly: (Suba South, ODM) view
• 28 Aug 2018 in National Assembly: Thank you, Hon. Speaker, for giving me this chance. view
• 28 Aug 2018 in National Assembly: Let them make reference to Article 108 of the Constitution. view
• 28 Aug 2018 in National Assembly: Thank you for giving me this opportunity to make my contribution to the Finance Bill. Every year we have the Finance Bill, as we all know. It is supposed to spell out the tax enhancing measures and possibly tax administration measures that the Government is taking to raise additional resources to finance the Budget. view
• 28 Aug 2018 in National Assembly: This year’s Finance Bill is not very encouraging; let me say that from the outset. I know the Government is struggling to plug the budget deficit. For those who have forgotten, we have projected a budget deficit to the tune of Kshs562 billion this year and this can only be financed through debt. Besides that, the additional tax measures and tax administration measures we are taking are going to result in an additional Kshs27.6 billion. That is what we are looking for. For any engagement regarding amendments and possible reduction of proposals in the Financial Bill, we should keep at ... view
• 28 Aug 2018 in National Assembly: Tax measures whose projected impact tends to distort the economy or existing business activities must be reviewed. I am happy after looking at the Report of the Committee to note that it has addressed some of the issues regarding the tax measures that were likely to impact negatively on the existing business and which would have unduly burdened the taxpayers even further or would have distorted the economy. As Parliament, as people’s representative and as people who have the single mandate to pass or reject proposed amendments to various statutes touching on extra revenue for this country, we have a ... view
• 28 Aug 2018 in National Assembly: First, allow me to talk about two or three positives of this Bill. The first one is on the definition of dividends which has been expanded to include profits or gains which will be taxed where dividends are distributed without paying tax. Most corporations nowadays have realised that they can pay shareholders or owners of businesses through the backdoor without attracting taxation. Sometimes arrangements are made to transfer benefits to shareholders in form of debt 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. view