20%? Is this even real ? Most of the companies not related to gambling pay lower than 10% but not the same in Kenya when it comes to the sports gambling. Now the biggest football clubs have joined hands to oppose this rule.
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What do you think ?
I think that every tax on what is harmful should always be increased to discourage people from consuming that product or service.
Some examples of what I am saying are... cigarettes, alcoholic beverages, hookers and also gambling.
I see, I'm starting a controversial discussion, but given the need for greater tax collection, it's preferable to raise the rates of non-essential and harmful services to the population (whether in terms of health or finance) than for other essential services.
Of course, every tax increase is bad and it needs to be done reasonably when it's unavoidable.
This is indeed an approach you suggested that I can very well comprehend and from a first glance there isn't much that speaks against your suggestion. Raising tax in the business sector that harms small innovative companies is definitely worse than raising tax on cigarettes and alcohol, gambling and prostitution.
Most of the big companies involved with gambling have very complex corporate structures that save them shit loads of tax payments anyway.