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Is Gibraltar Hiking Gambling Tax
Tax hike on the cards?
A dispute with a neighbouring mayor has brought forth some interesting facts and figures on the British enclave of Gibraltar, a financial services and online gambling jurisdiction at the entrance to the Mediterranean, and adjacent to Spain.
The publication Panorama reports that rumblings about 'The Rock's' involvement in online gambling from the mayor of neighbouring La Linea prompted it to make a few local enquiries regarding the business. The publication approached Dr Joseph Garcia, the leader of the Liberal Party and opposition MP on Gibraltar, asking for information on the turnover and tax paid by online gambling companies domiciled in Gibraltar.
Garcia responded: “We do not have the data on the turnover for the online companies. The latest information is that there are 18 companies based in Gibraltar, employing a total of 1,905 persons as at 18 September 2010, of which 274 are Gibraltarian, 981 are British, 110 are Spanish and 540 have other nationalities.
"There is no information on the tax paid by these companies. Many, if not all of them, have been exempt companies up to now. This is expected to change when the new tax regime comes into effect, where they would be expected to pay 10 percent.”
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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