Topic: Big companies finally had enough of the excessive tax - page 9. (Read 2355 times)
Government will say that gambling is sinful act so people won't gamble a lot if they have to pay huge tax from their earnings which story applies to the liquor and cigarettes or any tobacco which legally approved by governments still they don't encourage people using it just with the taxes but their aim is to make the people to pay more and no government is here to help a common man, they just favour the big companies so they can get bribed in the election times.
What do you think ?
https://www.gamblinginsider.com/news/12178/kenyas-biggest-football-clubs-join-forces-to-oppose-new-tax-rules
Gambling should pay more taxes then other places, that is just reasonable because they are not exactly a sector where they provide anything. I mean do you really expect farmers, or tech companies, or insurance and so forth so forth that provide something to world should have same taxes as casinos who just basically... legally steal? I mean that is kind of the point isn't it?https://www.gamblinginsider.com/news/12178/kenyas-biggest-football-clubs-join-forces-to-oppose-new-tax-rules
All casinos tell you the real fact that they are just going to get your money no matter what you do, that is what gambling is, you are giving away money to casinos, that is what house edge is there for and mathematically it is impossible for anyone to keep making profit, maybe you will get lucky once or twice but the longer you gamble the less money you will have. So that is why casinos should definitely be charged higher amount in taxes than any other company that actually does provide something to the nation.
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.
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What do you think ?
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What do you think ?
I think that every tax on what is harmful should always be increased to discourage people from consuming that product or service.
Some examples of what I am saying are... cigarettes, alcoholic beverages, hookers and also gambling.
I see, I'm starting a controversial discussion, but given the need for greater tax collection, it's preferable to raise the rates of non-essential and harmful services to the population (whether in terms of health or finance) than for other essential services.
Of course, every tax increase is bad and it needs to be done reasonably when it's unavoidable.
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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.
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?and also these people are only eyeing for short term improvement but not in the whole system and time.
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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?
nope no one will stop people from doing their vices , This is just like Sintax for Cigarette and alcohol in which it grows to more than 700% yet the smokers and drinkers did not stop instead they recovered and now paying for too much tax. 
I agree with those who oppose the government in applying excessive taxes, sometimes I also don't agree with what the government is doing to gambling companies,
Right from time government always kick against gambling because they seen it like a thing that will bring corruption to the society, if eventually all systems of government, government always dislike this because i dont think they are of benefit towards them, those gambling companies I'm not hundred percent sure that they pay tax or they generate revenue to government, if eventually they pay thier tax government will no be against them again, from the looks of things.How it would be feasible if they would be taxed up that high? They would be applying those into their players? For sure lots would be considering on skipping on playing in that case if turns out that they do find out that they had been charged too much.
So its just normal that they would really be having those kind of reactions.
Usually this is the normal scenario where the government consult businesses with regards to the new implementation, and this should be in favor to both parties since many casinos are also suffering during this time of pandemic. Casinos are voicing out because of too much taxes, the government know there’s money in casinos but they can’t tax everything. It’s good that casinos are voicing out because this can benefit the gamblers as well.
When the casino can voicing out like that to the government, it will give more attention to the government to investigate why the casino does that. A good government will not just apply the tax or something else without discussing the related instances. They will call the casino owner and other instances to discuss the problem and solve it. The casino owner needs to hear the government and not just voice out their sound to the government. It requires understanding between the government and the casino owner to have a deal.Maybe the government needs to approach the gambling owner and discuss more details with them so they know the problem that makes the gambling owner feel objection with the taxes that will apply to them.
Better to do so, there's always a good way to hear both sides and to know if what might the best solutions to solve the issue, government also needs to hear the other side and check if adjustments can still be done.It needs more communication between the government and the gambling owner to find a win-win solution for both of them.
That's what they needed to do, bringing ideas that both side will benefits, gambling site owners also need to open up to make a better resolutions with their concerns.
Maybe the government needs to approach the gambling owner and discuss more details with them so they know the problem that makes the gambling owner feel objection with the taxes that will apply to them.
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It needs more communication between the government and the gambling owner to find a win-win solution for both of them.
That's what they needed to do, bringing ideas that both side will benefits, gambling site owners also need to open up to make a better resolutions with their concerns.Quote
I am sure that the government can get the taxes from gambling while the gambling owner will not object to the government's tax amount.
They'll cooperate if the government will aslo hear them out, the best solutions to ends any conflicts behind. 
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.
if they will done this after the pandemic they will get less income because people will have less time to spend in gambling but if they will do it now , people will be force to follow it just to continue playing a gambling but they can do it slowly and not shock the gamblers by applying the new tax rates .
many are thankful to it but many have finalized their decisions to return working in a real job because its always better to live in a more stable life .
they cant return to the exact habit but they can return playing for fun during their rest days .
That's much better if they go back to gamble again and contribute to these companies taxation by just having fun if they can still control themselves or still had enough time to gamble.
I agree with those who oppose the government in applying excessive taxes, sometimes I also don't agree with what the government is doing to gambling companies,
Right from time government always kick against gambling because they seen it like a thing that will bring corruption to the society, if eventually all systems of government, government always dislike this because i dont think they are of benefit towards them, those gambling companies I'm not hundred percent sure that they pay tax or they generate revenue to government, if eventually they pay thier tax government will no be against them again, from the looks of things.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.
if they will done this after the pandemic they will get less income because people will have less time to spend in gambling but if they will do it now , people will be force to follow it just to continue playing a gambling but they can do it slowly and not shock the gamblers by applying the new tax rates .
many are thankful to it but many have finalized their decisions to return working in a real job because its always better to live in a more stable life .
they cant return to the exact habit but they can return playing for fun during their rest days .
The only reason why the government is putting in 20% is because of the revenue of the gambling industry because they are generating a lot of revenues from the current situation, but it is not a good decision because after the pandemic revenues will go down and the 20% taxes will have a bad effect and they might lay off some employers and they can't keep up with operations, the government should first do consultation and if they want to impose it should be on a limited time and they will lift it out again.
I think, the gamblers will not be discouraged in gambling when it comes to the casinos paying very high taxes. It will simply give them the chance to find other casino and gambling establishments that gets favorable terms with the government like low taxes and the like. It is very worrying news in as much as the gambling companies and the state is concerned. Tax income will be decreased once this will be implemented. On the other hand this is also good news for gambling platforms where new players will be signing up. I don't think squeezing more and more taxes will solve any problems. They will close and business will suffer.
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.
That's huge the government is very hard on the companies related to gambling have the reason to make a complaint, they can file a complaint about reconsideration not really a good move for the government because of the pandemic, and they should if they will not now, the government can do that again, they should first do a consensus or a study if 20% is reasonable.The government can investigate how much the gambling business profit by collecting all of the gambling business data to determine how much the percentage will make sense to be applied to the gambling business.
It will help the gambling owner pay the taxes if the amount is too big as they are still trying to reopen their business after it is closed for some time.
After the government knows the real data about the gambling business income, maybe they can apply low taxes as a start which will not be hard for the gambling owner to pay.
I agree with those who oppose the government in applying excessive taxes, sometimes I also don't agree with what the government is doing to gambling companies,
Right from time government always kick against gambling because they seen it like a thing that will bring corruption to the society, if eventually all systems of government, government always dislike this because i dont think they are of benefit towards them, those gambling companies I'm not hundred percent sure that they pay tax or they generate revenue to government, if eventually they pay thier tax government will no be against them again, from the looks of things. 
There's even 50%. LOL
https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
I am not surprised actually. Gambling is considered as a social evil, similar to alcohol and tobacco. In my country, alcohol is taxed up to 1,000%. So I am not really surprised to hear about the high taxes on gambling. On the other hand, I am relieved that the tax rates are lower than what we have here. Anyway, here in India gambling is banned altogether. Only in one of the states (Goa) it is permitted. So most of the gamblers just travel to Thailand or Macau to gamble. Those who can't afford to do that mostly rely on illegal gambling dens.
Judging from the fact that the government doesn't want to simply increase income taxes, but rather implement excise duty on betting tells us that the major reason behind that is not a wish to gain revenue and improve the economy, but rather "punish" the activity they do not tolerate. It's sad how sometimes governments put drugs, alcohol abuse, and gambling in one line as if they're all equally damaging to society.
I hope that they will reconsider this decision and do what's best for the country because such a move will affect the betting business in a very bad way.
I hope that they will reconsider this decision and do what's best for the country because such a move will affect the betting business in a very bad way.
There's even 50%. LOL
https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
Even if you think 20% is considerable but if there's a lot of casino in area and is gaining lots of profit just like in Las Vegas that's still too much and to think 50% is too damn excessive. But I want to know the part of the government too why they implement such huge taxes but sadly it's their country so I don't want to dig in asking some personal questions when it is out of my line. https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
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.
if they will done this after the pandemic they will get less income because people will have less time to spend in gambling but if they will do it now , people will be force to follow it just to continue playing a gambling but they can do it slowly and not shock the gamblers by applying the new tax rates .
This is why its important to look in the bigger picture and 20% is considerable.
Those that don't see it coming may have hard time of accepting the percentage increase.
There's even 50%. LOL
https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
https://casinodepositbonus.com/features/the-ultimate-guide-to-gambling-taxes-worldwide/
https://link.springer.com/article/10.1007/s10899-019-09899-0
This is why its important to look in the bigger picture and 20% is considerable.
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.
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.
I do support this view.
The taxing power is limitless as it is one of the three (3) inherent powers of the government where they can exercise it for revenue or preventive measures. The twenty percent (20%) excise tax is imposed primarily to discourage the people from gambling due to its negative effects in the society. While this measure is not an absolute guarantee that businesses will opt not to enter the gambling industry, it is nevertheless a revenue measure for the government that will enable them to create projects from such revenue.
We know on how crucial taxation is and the usefulness of it and I don't have any against on it as long it would really be used on a proper way and wont really be
wasted up or would go into the pocket of those who are on top position. Just like on what others been saying that 20% is too much and at least there some
consideration on lowering it up so that it wouldn't hurt that much specially to business owners.
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