Thank you, Chairperson. Most view taxes as a way for the state to make money, but the MF believes that it is crucial that we educate our people on tax, its reasons and benefits.
In respect of the Revenue Laws Amendment Bill, the MF supports all provisions, especially in view of the controls it sets in the various sectors, including export and import. We do, however, hope that mechanisms will be enhanced to secure our system against corruption and tax evasion.
As for the Securities Transfer Tax Bill and the Securities Transfer Tax Administration Bill, the MF once again supports their provisions. We, however, have no objection to merging the Stamp Duties Act and the Uncertified Securities Act in view of the mergers' intention that this will serve to create a new transitional taxation beneficial to ownership of all securities.
The MF will support both the Bills. I thank you.