All parliamentary appearances
Entries 931 to 940 of 970.
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7 Aug 2014 in National Assembly:
Hon. Temporary Deputy Speaker, our Government has talked about the high cost of living. It has told us that it will ensure that the cost of living will be brought down. We know that Kenya is a highly taxed nation. There are dangers to that high taxation.
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7 Aug 2014 in National Assembly:
The first one is economic growth. We say that we would like to grow our economy by double digits and then we go ahead and highly tax the people and the business community. Unfortunately, this is a double edged sword. Yes, you will raise the money but then, you discourage investment. It is important that the Cabinet Secretary for National Treasury looks at a delicate balance on how much we tax and how much we encourage investments in this country.
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7 Aug 2014 in National Assembly:
Out of this huge taxation, of course, the cost of living goes up. There is a lot of stress on our people. We come back to the House and start trying to come up with legislation and rules that will try to bring down the cost of alcohol. If you look at Excise Duty that has been brought up so that we can reduce the cost of alcohol, you will find that alcohol consumption is due to the fact that Kenyans are stressed. If the taxation came down, obviously we will not be stressed very much.
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7 Aug 2014 in National Assembly:
I want to support the proposed amendment to Section 5 of the Income Tax that basically talks about expenditure on vacations. There is a proposal to reduce taxation on expenditure on vacation trips to destinations in Kenya paid by the employer on behalf of the employee. Obviously, this will go a long way in ensuring that our hotels at the coast 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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7 Aug 2014 in National Assembly:
or within the country are not closed permanently. You have heard about other countries insisting that Kenya is currently unsafe. But, again, we need to consider how to improve our security so that we do not have to encourage Kenyans to spend money within the country.
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7 Aug 2014 in National Assembly:
Hon. Temporary Deputy Speaker, finally, as we look at the proposed tax measures, I want to remind the House about the East African Community Treaty. We are a member of a trading bloc with other countries and we have signed a treaty. One of the things that we need to consider, and this is something that the Departmental Committee on Finance, Planning and Trade needs to look at, is to ensure that we harmonize our taxes with the taxes of the other countries within the region.
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7 Aug 2014 in National Assembly:
It is unfortunate when you find that all our countries charge different VAT rates and yet, we are supposed to be trading amongst ourselves. What happens is that some of the countries get disadvantaged and it becomes very complicated for a business person within this region to trade. So, let us encourage as much as possible harmonization of taxes.
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7 Aug 2014 in National Assembly:
As we come up with these Bills, let us look at what is being charged in the different taxes within the region. After all, as a country, we are trading a lot within the region. Therefore, we need to ensure that, that is supported.
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7 Aug 2014 in National Assembly:
We have the East African Legislative Assembly (EALA) and in this House, we have a Committee on Regional Integration which is constantly being bombarded by the business community on the issues of harmonization of taxes. So, I propose that we look at ways of bringing our taxes to be in tandem with the ones of the other countries within the region.
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7 Aug 2014 in National Assembly:
Hon. Temporary Deputy Speaker, I support the Bill. Thank you.
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