Audit firm backs betting firms in protest against high revenue tax
2 months ago, 13 Jan 00:15
Tax experts have decried the punitive tax measures against betting companies. Audit firm PriceWaterhouseCoopers (PWC) has said the levy, which took effect on January 1, is among the highest in Africa. Steve Okello, a Tax Partner at PWC, said the 35 per cent tax levied on lottery, betting and gaming firms would be counterproductive. “I feel the tax change that is probably the highest in Africa looks discriminatory. You know, one industry is being picked out and heavily charged,” he said. “We are ...
Category: business news