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{
    "id": 1350224,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1350224/?format=api",
    "text_counter": 568,
    "type": "speech",
    "speaker_name": "West Mugirango, JP",
    "speaker_title": "Hon. Stephen Mogaka",
    "speaker": null,
    "content": "This law regulates the actors in this sector, who have been posting super normal profits and using them in illicit trade including drug trafficking. We can now monitor how much money is generated by any actor and the taxes they are required to pay. This money will then be applied to defined causes like education and positive economic development. We have been overtaxing smokers and partakers in alcoholic beverages. It is, therefore, important that as the country grapples with how to raise taxes, to include this sector. It can generate a lot more revenue than the conventionally overtaxed areas which economists tell us demand is inelastic. I also want to celebrate that this incoming board, whose vetting will be extremely rigorous, will enforce the contractual age in Kenya so that we do not have minors participating in gambling. Above all, we will be looking forward to extreme transparency because this sector has so far been operating in a very opaque manner. Nobody knows what happens there which is why there is a rush by telecommunication companies like radio and television stations. They are attracted by the super normal profits generated in this sector. With this law, we will know who the licensed operators are and when our children are left unsupervised, they will not participate in underage gambling on their parents’ mobile phones. I beg to support."
}