29 Aug 2018 in National Assembly:
I think we canvassed this matter adequately earlier in the day. We said that we should postpone or put on hold that matter since 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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29 Aug 2018 in National Assembly:
we have not agreed on the wordings and the text of the Housing Fund. That is until we agree on the substance of the Housing Fund. I oppose.
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29 Aug 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Chairman for giving me this opportunity. While I support the amendments both by the Chairman and Hon. Jude Njomo, I am looking at the practicability of implementing the amendments. We have various individual accounts and corporate accounts by co-operative SACCOs. We need more clarity because a corporate account belonging to a company or an incorporated body has specific procedures on how to pass it over in the event there is a director signatory or there is winding up procedure. So, we need to be clear so that we do not leave grey areas. Probably we ...
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29 Aug 2018 in National Assembly:
I hope the Chairperson and Hon. Njomo can look at it for purposes of clarity. Thank you.
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28 Aug 2018 in National Assembly:
Thank you, Hon. Temporary Deputy Speaker. My colleagues are complaining, but it is written in the Bible. It is very clear.
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28 Aug 2018 in National Assembly:
I stand here as a matter of procedure to support the Finance Bill. In supporting the Finance Bill, there are a few key observations that we need to make. Probably, when we get to the Committee stage or the appropriate time, we will pass some amendments. We must start by stating that the purpose of the Finance Bill is to raise revenue to match the expenditure. Going through the Finance Bill, I am afraid it does not give confidence that we have been innovative enough in crafting measures that will allow us to raise revenue to bridge the ballooning deficit ...
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28 Aug 2018 in National Assembly:
I just want to start by commenting on the issue of Presumptive Tax. The Presumptive Tax is a very noble idea. It is meant to basically remove the rigors and the complexity associated with the other form of taxation for smaller businesses in filing tax returns at the end of each financial year. However, the assumption that any incorporated company is not a small business is unreasonable and not correlated to reality on the ground. So, I really request the Departmental Committee on Finance and National Planning to reconsider and clearly indicate that any person, either incorporated or not, with ...
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28 Aug 2018 in National Assembly:
The second point of concern is the issue of Excise Duty on money transfer. They want the 0.05 or the Robin Hood Tax as it has been called by the tax experts. There is a point of concern here. Indeed, we are criminalising the electronic fund transfer. They want to take us back to the old days when we would deal in cash to avoid detection by the banking system. I would recommend the Departmental Committee on Finance and National Planning to make reasonable exceptions. For example, if I transferred funds from my salary account to my loan account, I ...
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28 Aug 2018 in National Assembly:
part of the tax is paid by the money dealers like Safaricom and the rest is taken up by the
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28 Aug 2018 in National Assembly:
. On the question of the National Housing Fund, again, we seem not to basically understand the definition of housing. It seems to be this unreasonable obsession by the mandarins at the Treasury and other policy makers that you only own a house when it is owner occupied. It is believed that if you live in a rental house, you do not own a house. So, there seems to be a push to ensure that every person owns a house. It is not necessarily correct. Staying in a rented house is by choice and staying in an owner-occupied house is ...
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