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{
    "id": 851327,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/851327/?format=api",
    "text_counter": 246,
    "type": "speech",
    "speaker_name": "Nominated, ANC",
    "speaker_title": "Hon. Godfrey Osotsi",
    "speaker": {
        "id": 13172,
        "legal_name": "Godfrey Osotsi",
        "slug": "godfrey-osotsi"
    },
    "content": "This Bill also proposes to amend the Betting, Lotteries and Gaming Act by reducing the taxes from 35 per cent to 15 per cent. I support this because if you do a simple computation, the betting companies were paying 35 per cent in terms of betting lotteries and gaming taxes. They were also paying corporation tax of 30 per cent. They were also paying a winning tax. You find that the betting companies were paying in excess of over 80 per cent tax. This, compared to other countries, is very high. Even as we are seeking to increase taxes on betting, we must be realistic that if you stop the youth from betting in the normal channels, you open up the channels for online betting. In essence, you are saying that the taxes that are generated from betting which go to the Government will now go to foreign companies because there are no taxes for online betting in this country. The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}