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The 10% betting tax must be 3times extra – Kennedy Agyapong

Kennedy Ohene Agyapong, a New Patriotic Party (NPP) flagbearer, has spoken out on the contentious 10% tax on bet wins.The open-minded politician believes that the 10 percent tax on betting profits should be increased.

Agyapong thinks that it is acceptable and uses the United States as an instance where gambling and other comparable games of chance are subject to significant taxation.

“[The 10% tax on betting] is in order, and it should have been more,” Agyapong said to 3Xtra. “If you go to America and win the US lottery, a billion, you’d take home about $600 million because it’s free money and it’s taxable, so 10% of it has been charitable.”

“I will be honest with the youth: betting is not anything good for your future, which is why it should be punitive to discourage young men and women from taking their destiny into their own hands instead of spending time on games and all those things. Whatever money you’re going to make today is temporary, and what are you going to get out of that? So, we have to be careful. He stated.

He additionally appealed to the young to give him the chance to be president, citing his abilities to handle the country’s serious labour problem.

meanwhile,The opposition NDC recently stated that it will demonstrate and seize government-owned property in order to get the tax repealed.

According to the party’s youth wing, it is an onerous taxation policy that disproportionately affects the country’s young and the wider betting business.

The imposition of a 10% betting tax as part of the government’s revenue-raising initiatives has been received with resentment and anxiety.

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