Increasing the tax slab and putting 1000s of skilled employees out of work because of the perceived ‘sin’ aspect of RMG was heavy handed and short sighted
A better way to implement would have been to cap spends and reduce ability to transact huge amounts over a predefined period of time
The small chit gambler can continue and the govt could have imposed a much more workable tax rate
Now nobody wins. RMG shuts down, taking with it a viable revenue stream, and the gambler will continue to find other ways to waste money
This stupid country needs to revisit its definition of what is ‘good vs bad’