Martha Karua

All parliamentary appearances

Entries 601 to 610 of 2953.

• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, the Mover of the Motion has just said that we do not need to pass the Finance Bill because they can use other instruments to collect taxes. I have been looking at Article 210 of the Constitution. It says:- “No tax or licensing fee maybe imposed, waived or varied except as provided by legislation.” We pass the Finance Act every year to provide the legislative backing of taxation. The Provisional Order is set to lapse. If we believe in the rule of law, we should not go home without passing the necessary legislation, so that we ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, the Mover of the Motion has just said that we do not need to pass the Finance Bill because they can use other instruments to collect taxes. I have been looking at Article 210 of the Constitution. It says:- “No tax or licensing fee maybe imposed, waived or varied except as provided by legislation.” We pass the Finance Act every year to provide the legislative backing of taxation. The Provisional Order is set to lapse. If we believe in the rule of law, we should not go home without passing the necessary legislation, so that we ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, the Mover of the Motion has just said that we do not need to pass the Finance Bill because they can use other instruments to collect taxes. I have been looking at Article 210 of the Constitution. It says:- “No tax or licensing fee maybe imposed, waived or varied except as provided by legislation.” We pass the Finance Act every year to provide the legislative backing of taxation. The Provisional Order is set to lapse. If we believe in the rule of law, we should not go home without passing the necessary legislation, so that we ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, the Mover of the Motion has just said that we do not need to pass the Finance Bill because they can use other instruments to collect taxes. I have been looking at Article 210 of the Constitution. It says:- “No tax or licensing fee maybe imposed, waived or varied except as provided by legislation.” We pass the Finance Act every year to provide the legislative backing of taxation. The Provisional Order is set to lapse. If we believe in the rule of law, we should not go home without passing the necessary legislation, so that we ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, it is quite sad that the Government is afraid of tabling the Finance Bill merely because a Member has voiced the intention, and which is supported by many, of bringing in an amendment to put a ceiling on interest rates. I want to recall that when the shilling was losing very badly against the dollar, the Deputy Prime Minister and Minister for Finance said he could not intervene. He was letting the market force to determine what happened. After the shilling took a beating and people made a lot of money, he finally intervened. The shilling ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, it is quite sad that the Government is afraid of tabling the Finance Bill merely because a Member has voiced the intention, and which is supported by many, of bringing in an amendment to put a ceiling on interest rates. I want to recall that when the shilling was losing very badly against the dollar, the Deputy Prime Minister and Minister for Finance said he could not intervene. He was letting the market force to determine what happened. After the shilling took a beating and people made a lot of money, he finally intervened. The shilling ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, it is quite sad that the Government is afraid of tabling the Finance Bill merely because a Member has voiced the intention, and which is supported by many, of bringing in an amendment to put a ceiling on interest rates. I want to recall that when the shilling was losing very badly against the dollar, the Deputy Prime Minister and Minister for Finance said he could not intervene. He was letting the market force to determine what happened. After the shilling took a beating and people made a lot of money, he finally intervened. The shilling ... view
• 21 Dec 2011 in National Assembly: Mr. Deputy Speaker, Sir, it is quite sad that the Government is afraid of tabling the Finance Bill merely because a Member has voiced the intention, and which is supported by many, of bringing in an amendment to put a ceiling on interest rates. I want to recall that when the shilling was losing very badly against the dollar, the Deputy Prime Minister and Minister for Finance said he could not intervene. He was letting the market force to determine what happened. After the shilling took a beating and people made a lot of money, he finally intervened. The shilling ... view
• 21 Dec 2011 in National Assembly: We are now being told that it is very bad to interfere with interest rates. In the developed countries, interest rates are always regulated, not by legislation, but certain gentlemen’s agreement. But the regulators put their foot down. In Kenya, the regulator has gone to sleep, and the Minister has gone to sleep. The banks are left to fleece Kenyans. It is actually licensed theft. view
• 21 Dec 2011 in National Assembly: We are now being told that it is very bad to interfere with interest rates. In the developed countries, interest rates are always regulated, not by legislation, but certain gentlemen’s agreement. But the regulators put their foot down. In Kenya, the regulator has gone to sleep, and the Minister has gone to sleep. The banks are left to fleece Kenyans. It is actually licensed theft. view