Are we about to start over-taxing the betting companies? - News Summed Up

Are we about to start over-taxing the betting companies?


The betting companies have been very good for the Kenya Revenue Authority. In addition to normal expenses such as salaries and rent, gaming firms incur other costs such as expensive software fees. If Kenyan gaming companies are forced shut down because of high taxes, users will go towards unregulated offshore sites or download foreign apps. Gaming companies based outside Kenya such as the UK firm Ladbrokes are still accessible from Kenya. The rise of online betting firms has boosted the sports industry, created jobs and helped launch and grow sporting careers.


Source: The Star March 10, 2017 07:09 UTC



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