@StandardMedia

Audit firm backs betting firms in protest against high revenue tax

4 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

4 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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Somen brothers link up in tech startup

David Somen has joined his brother Jonathan Somen’s cloud services startup, Eldama Technologies ...

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8 hours ago, 17:20
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Experts warn of Africa’s new debt crisis

Concern is growing that 2018 could be the year that sub-Saharan Africa sees a new debt crisis, nearly 20 years since the last one was said to have been resolved. ...

Category: topnews news business
1 hours ago, 23:42
@StandardMedia - By: Lee Mwiti
Processor cuts raw milk and retail prices on over-supply

Farmers are the biggest losers in the wake of a tumble in shelf prices following increased production in the last... ...

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Kenya Breweries to contract 30,000 sorghum farmers

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