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{
    "id": 738739,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/738739/?format=api",
    "text_counter": 329,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Clause 26 of the Bill relates to the Betting, Lotteries and Gaming Act. It seeks to amend the Act by deleting the word ―seven point five‖ and substituting therefor the word ―fifty‖. It was imposing a 50 per cent tax on betting, lotteries and gaming collections. After consultations with the stakeholders and the regulator, the Betting Control Board; financial experts, PricewaterhouseCoopers and the National Treasury, the Committee felt that a 50 per cent tax is too high to make business sense. Secondly, when we asked the National Assembly Directorate of Research to find out what happens in Uganda, Tanzania and the USA, we found that there is no tax rate of 50 per cent in any of those countries. Therefore, we agreed to maintain the status quo for now pending further consultations within the sector. Again, this arose from what the National Treasury said. If we want to discourage betting, we should use a different approach. I do not know what became of the Jakoyo Bill. The matter should have been addressed with a view to encourage or discourage the youth from betting. Levying a 50 per cent tax on gaming, lotteries and gaming collections will encourage the same in the black market."
}