John Mbadi Ng'ong'o

All parliamentary appearances

Entries 2291 to 2300 of 7480.

• 28 Aug 2018 in National Assembly: waivers, transfer of some profits and waivers of obligations among others. This is now going to be included in the definition of dividends so that the mischief companies have been applying of trying to reduce taxable income through the backdoor is going to a thing of the past. view
• 28 Aug 2018 in National Assembly: I also agree to the proposal to replace the turnover tax which is currently at 3 per cent in gross receipts with presumptive tax at 15 per cent of the amount payable under the business permit or trade license which are issued. I remember in 2007, the turnover tax was introduced targeting the informal sector for those whose annual turnover was less than Kshs5 million. However to administer it is a challenge. One of the principles of taxation is ease of collection and ease of administration. If you are going to spend more money to collect tax than the tax ... view
• 28 Aug 2018 in National Assembly: I want the Committee to propose amendments on the VAT Act. Any amendment that removes commodities or items from zero rating to exemption should be rejected especially when it touches on any essential commodities. The moment you exempt it means the person dealing in that item will not be allowed to claim input tax and that would have a net effect of increasing prices of those commodities. view
• 28 Aug 2018 in National Assembly: On Excise Duty, again, there is a proposal to increase the Excise Duty on illuminating kerosene from Kshs7.2 per litre to Kshs10.3 per litre. This is an increase of about 43 per cent. I know the National Treasury is trying to stop adulteration of petrol using kerosene. You may employ an initiative that has a positive result but there may be another negative effect of the same that could be even more disastrous to the taxpayers than what you intend to achieve. We all know that the majority of Kenyans still use kerosene. The moment you increase the price of ... view
• 28 Aug 2018 in National Assembly: On increasing Excise Duty on mobile money transfer from 10 per cent to 12 per cent, again, we must decide on that as a country. I know we want to raise Kshs1.56 billion out of this but, we must ask ourselves: when we continue taxing Kenyans who transfer money through mobile phones, are these really rich Kenyans? Nowadays, the majority of people who use mobile money transfer are actually very poor Kenyans. So, let us not discourage, through excessive taxation, transfer of money among Kenyans. Instead, we should encourage it so that the volume is higher and we net more ... view
• 28 Aug 2018 in National Assembly: A lot has been said about the Robin Hood tax. I listened to Hon. Makali Mulu and I could not agree any more. When you make money transfer from one account to another, it does not automatically result into wealth creation. We are supposed to tax wealth created and not transfer of money from one account to another. I should not pay tax if I transfer money to a fixed deposit account or if tomorrow I decide to pay Kshs600,000 fees for my child who is studying medicine at the University of Nairobi (UoN). Why am I required to pay ... view
• 28 Aug 2018 in National Assembly: Another effect of this proposal is that it seems to target the core of the banking liquidity management operations. It could have negative effects on liquidity distribution. It is not good to interfere with liquidity. An economy survives on liquidity operations. The moment you target the liquidity operations of the banking sector you stall the country’s economic growth. You can interfere with it in a big way. My proposal is that the Committee should introduce amendments immediately to remove that proposal from the Finance Bill so that the Bill becomes good. I also want to talk to the proposed amendments ... view
• 28 Aug 2018 in National Assembly: One minute is sufficient, Hon. Speaker. 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
• 28 Aug 2018 in National Assembly: I encourage this House to, instead of lamenting, support the proposed amendment that Hon. Junet will bring so that we completely remove petroleum products from the VAT bracket. Let IMF say what it wants. We are not working for the IMF. We are employed by the people of Kenya. If the people of Kenya think they are suffering, we will respond to their suffering. The effect of VAT is to increase the prices of almost every commodity in this country. It is something we should not allow. Thank you, Hon. Speaker. view
• 23 Aug 2018 in National Assembly: Thank you, Hon. Speaker. I rise to support this Motion. I was to remind ourselves that Standing Orders are meant for us to review at any time when we feel that we want to review them to serve our interests. Regarding the specific amendments on how to ask questions in Parliament, I want to start by looking at the three roles of a Member of Parliament. One is to legislate; two is to oversee; and three, is to represent. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained ... view