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No Tax Assessment on Gibraltars gaming industry
Friday June 7,2013 : EC CONFIRMS NO TAX ASSESSMENT ON GIBRALTAR ONLINE OPERATORS
No action planned on Gibraltar operators with regard to direct taxation issues
The Gibraltar Chronicle reports that the European Commission does not intend putting Gibraltar's gaming industry under the microscope as part of its clamp down on tax evasion and tax havens.
The EC made the statement in response to Belgian MEP Marc Tarabella who claimed that Gibraltar-based gaming companies were party to unfair competition, he also requested an assessment on how the Gibraltar gaming sector impacts the European job market.
European Commission for Taxation, Customs, Anti-Fraud, Audit and Statistics Algirdas Šemeta said in a statement: “The Commission is not currently taking any actions in the area of direct taxation specifically targeting online gambling operators established in Gibraltar, nor is the Commission planning to undertake an impact analysis of gambling operations in Gibraltar.” He also said, “Member States are entitled to establish the tax regimes they see fit, so long as these comply with EU law.”
With reference to Tarabella's unfair competition comment, Šemeta said European member states were welcome to introduce anti-abuse measures thought necessary to defend their tax base as long as they comply with EU law. “There is no blanket exemption from VAT for gambling and tax may be due depending on where customers are located and how Member States implement any exemption,” he said.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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