@StandardMedia

Audit firm backs betting firms in protest against high revenue tax

5 days ago, 23:15

By: Standard Reporter

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 ...
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Category: business news

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@StandardMedia

Audit firm backs betting firms in protest against high revenue tax

5 days ago, 23:15

By: Standard Reporter
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 ...
Read More

Category: business news

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Category: business news corporate lifestyle economy opinion markets
15 hours ago, 13:09
@TheEastAfrican - By: Business Daily
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The company’s stock has risen 10 per cent in the first two weeks of the year. ...

Category: business topnews news
5 hours ago, 23:05
@StandardMedia - By: Macharia Kamau
8 firms in waiting to clinch oil pipeline tender

Prequalification of companies for design work sets the stage for construction scheduled for next year. ...

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5 hours ago, 23:05
@StandardMedia - By: Dalton Nyabundi
Former employees of struggling retailer Nakumatt to open new Supermarket

The outlet, which is undergoing final preparations for the launch, will employ 20 former stewards and cashiers. ...

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