Tag Archives: gambling tax
- Online gambling tax tug-of-war brewing in Australia
October 10, 2017
The Australian federal government is at loggerheads with state governments over the former’s plan to take a slice of new online gambling taxes. The Daily Telegraph reported that the states are up in arms over the plan of Federal Treasurer Scott Morrison to take a cut from the planned 15...
- Sweden urged to set new online gambling tax rate between 15% and 20%
October 14, 2016
Sweden’s plans to liberalize its online gambling market would best be served by imposing a revenue tax rate of between 15% and 20%, according to a new industry-funded report. In a report prepared by Copenhagen Economics, the authors note that the Swedish government has tasked a special investigator with coming...
- Macau’s gaming tax collection drops 11.8%j
September 30, 2016
Gaming tax collection in Macau fell by as much as 11.8 percent in the first eight months of 2016, compared to the same period last year, according to data from the city state’s Financial Services Bureau. The bureau recorded a total of MOP51.67 billion (USD6.47 billion) were collected in direct...
- Russia tweaks more gambling rules
June 29, 2016
The gambling rule book in Russia gets a little thicker as the government announces more legislation that could impact not just investors and operators but also potential players. First, the Russian government is now mulling whether to allow gambling stakeholders to use foreign currencies to pay for services in gambling...
- South Australia eyes $9M in revenue with landmark tax for betting agencies
June 23, 2016
Gambling companies that allow South Australians to wager will be hit with new tax starting 2017, local media outlets have reported. The state government is planning to introduce a 15 percent “place of consumption” tax, as part of the National Tax Reform process, on “the net wagering revenue of all...
- Seoul government turns down Jeju’s proposal for gaming tax hike
May 23, 2016
A proposal that sought to double the gross gaming revenue (GGR) tax in South Korea’s Jeju Island has been rebuffed by the national government in Seoul, Union Gaming Securities Asia said on Monday. Authorities in Jeju were proposing a gaming policy package that would see the taxation on GGR increase...
CrownBet launches new TV ad, but won’t mention betting
September 26, 2016
Tensions in Asia propel bitcoin past $4,000 to new milestone
August 14, 2017
Kangwon Land casino paying problem gamblers to stay away
March 24, 2017
Cyberattack cripples Korean bitcoin exchange Bithumb
July 6, 2017