BUSINESS

US senators propose bill to legalize, tax online gaming

TAGs: Judd Gregg, Ron Wyden, US senate

SenateProposalTwo American Senators, Ron Wyden (D-OR) and Judd Gregg (R-NH), have introduced the Bipartisan Tax Fairness and Simplification Act 2010, which includes provisions to legalize and regulate internet gambling (click here for some perspective on this bill’s chances for success). Through this scheme, the senators hopes to reap a reported $42B in taxes over the coming decade. It all sounds wonderful, but then so do those bills that promise to ‘make child poverty history’ and the like. Read more.

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