Tax: Latest News 5q4d1c
The PokerStars-sponsored Spanish tour sees an overwhelming start amidst concerns surrounding new poker player taxes. Will EPT Barcelona also follow suit? 2q1a3k
Tax rates for online poker revenues to be levied between 15% and 30%.
$68m in extra tax revenues in year one plus a boost to casino revenues from new customers of up to $92m are predicted from regulated online gaming.
Gambling winnings will be tax free, and small poker tournaments may be held outside casinos.
Reduce tax rates to increase revenues and protect consumers, concludes a study from the Institute Bruno Leoni.
UK’s forthcoming “Point of Consumption” tax will force further consolidation—benefiting larger operators like 888, the group claims.
RGA argues that the 15% rate will encourage the gray market and be impossible to reduce if it proves damaging.
Troika wants no more delays in tax revenue-raising online gaming regulation.
Michael McGrath told MPs that the delays have cost €40m in lost tax revenues.
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