Wilberforce Ojiambo Oundo

All parliamentary appearances

Entries 851 to 860 of 1537.

• 18 Sep 2019 in National Assembly: Thank you, Hon. Temporary Deputy Speaker for giving me the opportunity to contribute to this important Bill in the budget-making cycle of the Republic of Kenya. As required by the provisions of the Constitution and the law, now that we passed the Division of Revenue Bill and the County Revenue Allocation Bill, the next and final process is the Finance Bill. view
• 18 Sep 2019 in National Assembly: I am encouraged by the presentation of the Chair of the respective Committee. He said that the proposed taxation measures will result in an increase in tax collection or tax revenue of about Kshs30 billion. Like all Kenyans, we are concerned by the impact of taxation. Literally, it is said that we are heavily taxed in Kenya and yet we do not see the result or outcome of the revenue that is collected. A typical earner or worker in this country is subjected to an income tax which is probably 30 per cent and 16 per cent when he purchases ... view
• 18 Sep 2019 in National Assembly: Secondly, and this applies to both the national Government and the county government, we must get value for the money that is collected as taxes. There are numerous cases of corruption and looting of public resources to an extent that out of whatever is collected, it is only 50 per cent that ends up being useful to this country. The Bill contains provisions. Some are good and progressive, but some are objectionable. They will make life for the typical mwananchi too hard and expensive. I will mention a few of the progressive and positive provisions in the Bill. One, taxation ... view
• 18 Sep 2019 in National Assembly: Imposing taxes on security services, cleaning and fumigation services, catering services which are offered outside hotels, transportation of goods including air transport services and sales promotion, marketing and advertising will hit hard the small enterprises in this country. Many women, youths and people living with disabilities generally engage in these kinds of 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
• 18 Sep 2019 in National Assembly: businesses. Imposing punitive taxes on them will stifle growth and literally drive them out of the market. Knowing that the Kenya Revenue Authority is a ruthless body that does not listen and care about the difficulties encountered by these businesses which supply services to Government agencies that do not pay on time these taxes will kill them. view
• 18 Sep 2019 in National Assembly: Many of us were suspicious about the applicability of presumptive tax. It is good the Government has seen sense and returned to the Turnover Tax. However, the question of filing and declaration of taxes as contained in Clause 7(7) requires to be clear. Many of the persons or firms targeted for the Turnover Tax might not have access to internet and capacity or the ability to employ accountants who are experts in taxation matters. The question of delayed or wrong filing will punish them heavily in due course. The KRA and the National Treasury need to look at a more ... view
• 18 Sep 2019 in National Assembly: On the question of the Capital Gains Tax, many of us were taken aback when the Government purported to increase it from the current 5 per cent to 12 per cent. In a real estate market that is now a biased market that is doing so badly, it does make sense to impose more taxes that literally slow down transactions in the market. At the opportune time, we will move those amendments, so that we expand the list of exceptions which are contained under Clause 14 of the Bill to include those of us who buy properties on mortgage. When ... view
• 18 Sep 2019 in National Assembly: Hon. Temporary Deputy Speaker, I am encouraged by the proposed provision to give tax incentives to recycling plants that deal with plastics. I hold the view that plastics are the enemies of the physical environment. If there is any opportunity to completely ban plastics in this country, I will be the first person to support and give a congratulatory message to the Government. I listened to the Chair of the Committee saying that it is not possible to ban all plastics. However, other countries have tried and managed to ban them. Those that are involved in recycling should also be ... view
• 18 Sep 2019 in National Assembly: Clause 43 of the Bill deals with repeal of Section 33B of the Banking Act. The bankers in the country have deliberately misled the country that, that provision is harmful to the banking industry, which is contrary to the truth. Now, the truth of the matter is that banks have continued to make abnormal profits. In fact, banking is the most profitable business in this country. Failure of SMEs to attract financial facility from the banking sector, as all of us know, has nothing to do with the risk profile of SMEs. It is simply because banks have found it ... view
• 18 Sep 2019 in National Assembly: With those few remarks, I support the proposed Bill. Thank you. view