There’s nothing wrong with people making earnings through betting – Issah Atta

A Member of Parliament for Sagnarigu, Issah Atta has justified the National Democratic Congress’ decision to scrap the 10% tax on bet winnings.

The MP while making an economic and fiscal analysis of the decision to scrap the tax explained that it is necessary for people to be encouraged to bet in order to increase their disposable income which in the long run increases the volumes of transactions for the betting companies to enable government receive corporate income tax from these companies.

“The scrapping of this E-levy and betting tax increases the disposable income of people. Once they have enough revenue, they can bet and if they bet, the volumes of transactions in the betting companies will increase for you to get the same amount to the corporate income tax,” he explained in an interview on TV3’s Hot Issues, Sunday, March 16.

The member of the finance committee in Parliament stressed that the concept of morality was not considered by the NDC in their decision to scrap the betting tax.

He asserted that government took the decision in line with Article 36 of the 1992 constitution to by all means improve the welfare of citizens.

He said the removal of the E-levy, betting tax is one of the many ways to cushion Ghanaians amid the economic hardships.

“There’s nothing wrong with people making earnings through predictions and it is acknowledged worldwide and Ghana is not the only country that supports the idea of betting.

“What is the rationale behind establishing the Gaming Commission if I may ask? The government of Ghana agreed that there exists something like this and betting companies have seen the regulations governing betting and they penetrated the platform,” Issah Atta stated.

Read also: Removal of betting tax, other levies will ease economic hardships – Sagnarigu MP

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