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The Standard e-Paper
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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
Tax experts have faulted Treasury’s proposal to charge excise duty on stakes in a bet. They warn of a possible spike in unregulated online betting and possible death of the formal betting industry in Kenya.
They reckon that the proposed 10 percent excise tax on stakes would push the majority of consumers to online, unregulated betting platforms where the government has no control.
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