SportPesa To Quit Kenyan Market Industry Over Excessive Tax By The Government

SportPesa to leave Kenya market
Top and famously known gaming firm SportPesa say they will close down operations in Kenya, if an approaching stand-off with government on tax collection rates isn’t settled.
Without issuing timetables on the danger, SportPesa Worldwide Chief CEO Gerasim Nikolov on Friday clarified that the firm can never again work gainfully under the present tax assessment and budget by the current government of Kenya.

Talking on the day after the firm granted Sh10 million to eight Big stake champs, Nikolov additionally lamented the firms choice to concur a few sponsorship manages sports elements, asserting this could be the reason in the matter of why the firm wound up under the financial budgetary radar of the government.
“There us nowhere in the world where such a huge tax is levied on
turnovers and even here in Kenya, no firm can survive if a 35 percent
tax was put on its turnover,” Nikolov said.
OPERATIONAL MIGRATION
“Unfortunately, the ultimate effect of us shifting operations from here will be wide considering the various business that depend on its history.”
WAKENYA understands that the firm is considering to migrate its base to Tanzania or the United Kingdom in a move that could lead to loss job for its Kenyan workforce, fans and many more

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"SportPesa To Quit Kenyan Market Industry Over Excessive Tax By The Government" by @wakenyanews

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