Betting firms win big against proposed taxes

What you need to know:

  • MPs started the law making manoeuvring by ganging up to reject the compromise 35 per cent tax proposal presented by Majority Leader Aden Duale, arguing that they were illegal because the Finance Committee had not been consulted.
  • Marathon runner and Cherangany MP Wesley Korir said the betting industry has done more for sports than anybody else and that it would be wrong to impose punitive taxes on them.

Gambling companies were last evening handed victory in their fight against high taxes after MPs threw out a proposal by the National Treasury to increase their taxes after paying out winnings to 50 per cent.

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