Topic: Big companies finally had enough of the excessive tax - page 12. (Read 2411 times)

Those taxes aren't that a lot for these people because as you have said, they are big businesses and I don't think that it's worth supporting them because they are making money out of us people of the working class, remember to not patronize these people because they only care because you make them money. I think taxation to these companies are a good thing.

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.

20%? Is this even real ? Most of the companies not related to gambling pay lower than 10%

What do you think ?

During pandemic the gambling is a huge income source for them and the government alike. Therefore I do believe that either they should have done it slowly or done it after the pandemic.

They are now asking the government to reconsider it.
{This is exactly the kind of news we need because this shows how the democratic countries can move forth and oppose such things, not always the tax is legit if served by the government during such times}

What do you think ?
 

I think the government will not apply high taxes for the casino and a gambler because it will make them feel worried about paying those taxes. It is right that the government wants to prevent the addiction, but they do not want to make them feel it is difficult to pay the taxes. But if the government really want to apply high taxes, the casino and the gambler must follow their government. Otherwise, they can not still play gambling.

I think the government will not apply high taxes for the casino and a gambler because it will make them feel worried about paying those taxes. It is right that the government wants to prevent the addiction, but they do not want to make them feel it is difficult to pay the taxes. But if the government really want to apply high taxes, the casino and the gambler must follow their government. Otherwise, they can not still play gambling.

One effect of the high taxes: Maybe the high taxes a meant to discourage Gamblers from playing a lot because this pandemic can turn users into addicts and this is one way to slow the process down.

The other effect from these high rates is going completely anonymous which means a missed opportunity for the government to collect revenue from gamblers as they will find alternative places to play the games they love.

but at same time these news are good for crypto gambling platforms which are probably going to have new users signing up very soon.

I understand that people can become emotional everytime they see tax hikes or new taxes to be implemented but can we have the numbers before and after the tax  was removed?

The proposal would tax the gamblers and not the casino or bookie. These companies thinks it would affected indirectly since one of the aim of the law is to discourage players but does that really stop them from gambling?

In a bid to raise cash for the financial year amid the struggles caused by the Covid-19 pandemic, Treasury Cabinet Secretary Ukur Yattani has reintroduced the tax, which was removed by President Uhuru Kenyatta in July last year.

In a bid to raise cash for the financial year amid the struggles caused by the Covid-19 pandemic, Treasury Cabinet Secretary Ukur Yattani has reintroduced the tax, which was removed by President Uhuru Kenyatta in July last year.

“Excise duty on betting at 20% of the amount will be wagered,” said Yattani, which would mean that the amount would be levied and passed on to a person who has won on a bet, which according to Yattani would also help discourage betting in the country.

But AFC Leopards chairman Dan Shikanda and Gor Mahia chairman Ambrose Rachier argue that the tax will negatively affect betting companies supporting local teams and lead to the withdrawal of their much-needed sponsorship.

Both Shikanda and Rachier explained that betting firms have consistently supported football in the country, cumulatively delivering Sh1.6bn (US$14.8m) from 2016 to 2020, and therefore should not be punished through stricter tax measures.

In the statement, Shikanda and Rachier said the return of the tax would cause current league sponsors BetKing to withdraw their sponsorship, explaining that the excise tax was one of the reasons why SportPesa left the Kenyan market in 2018.

“The enactment of the 20% excise tax will unequivocally rule out continued sponsorship of football clubs across all tiers (National Super League, Division 1 and County Leagues), with the net effect of rendering the operations of most of the league teams unsustainable,” the joint statement read.