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"id": 1348055,
"url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1348055/?format=api",
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"type": "speech",
"speaker_name": "Molo, UDA",
"speaker_title": "Hon. Kuria Kimani",
"speaker": null,
"content": "not likely to change. This is because if we keep on changing the tax, it will have an adverse effect on our investors. Consequently, some of the investors may re-locate to other countries as Kenya loses on foreign and domestic investment. So, we hope that we have a robust conversation around this area. The import of this tax is to increase revenue. That is why it has to be re-looked at very keenly so that we do not miss the chance because the gaming sector has greatly improved. We used to have horse and car race games many years ago. They were physical. You had to be there physically. With the migration to online platforms and digital payment methods like digital currencies, bitcoins, cryptocurrencies and others, it means these entities have either an option of relocating to different countries or operating online, if we make the environment too unconducive for business. They will get away from payment systems because bank and M-Pesa transactions have a paper trail. If you talk about other digital payments like bitcoins and cryptos, which are becoming very frequently used especially by Kenyans, we would have lost money in the entire sector. Most important is morality, which will be my clarion call to players in these sectors. The morality in which they are doing business should make sure they try to stem out addiction. As proposed in the Bill, some of this money should be ring-fenced. It should go to sporting activities so that we do not just bet for the sake of it. Betting can be used to grow our sports sector so that we do not just put bets on the game between Manchester United and that bad team called Arsenal. We should bet on our local football and volleyball teams. That would create enthusiasm for these sports and games. It will make sure that our young people are engaged and talents are scouted early. The ring fencing of this money to be used for those important activities would be very beneficial to this country. Those will be my humble submissions, Hon. Temporary Speaker."
}