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Australia Call For New Online Gambling Tax

Monday April 11,.2016 :  AUSSIE GROUP CALLS FOR P.O.C. STYLE TAXATION ON INTERNET GAMBLING
 
Northern Territory and Norfolk Island are being used as tax havens, claims action group.
 
The South Australian Council of Social Services has demanded that government change the tax laws on gambling companies offering internet betting, saying that the present system based on where a company is licensed creates the possibility of more economical jurisdictions being chosen for tax haven reasons.
 
The group wants to see a form of point-of-consumption taxation as has been successfully introduced in the UK for internet gambling, suggesting that taxes should be paid where the bets are laid, and that the action takes place on the servers.
 
At present the cheaper licenses offered by the Northern Territory and Norfolk Island provinces are favoured, but SACSA chief executive Ross Womersley says that should be changed because there is the possibility that operators are using this to avoid tax in more expensive jurisdictions.
 
"When a gambling corporation does not have to be incorporated or resident in a jurisdiction, but can still use the licence of a jurisdiction like Norfolk Island to lessen their taxes, I think we have gone beyond real business and are talking about virtual tax havens and (legal) tax avoidance," he said.
 
"Because of the way the licence arrangements are made, South Australia is missing out on a whole lot of tax income."
 
Womersley called for a national agreement on online gaming taxation based on where the gambling occurs, not where the company is licensed.
 
"Given that the gambling industry generates a high level of problems, major issues in our community, we think that it's absolutely important that the industry meets its social responsibilities in the form of taxation," he said.

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Gambling News :

Jack Lam on the Run - "Our records also showed Lam arrived in Manila last Nov. 25 aboard a China Airlines flight from Taipei, she said, observing that there was no record of any return to the Philippines since his departure.

Golden Jungle Slot - IGT is about to launch online its popular land casino slot Golden Jungle, adding yet another jungle-and-temple themed game to the dozens already available to internet and mobile punters.

Philippines president Orders Arrest of Jack Lam casino magnate - Rodrigo Duterte, the shoot-from-the-hip Philippines president, has intervened in the fast-moving bribery scandal involving his Justice Secretary Vitaliano Aguirre, Pagcor chief Andrea Domingo and Macau-based casino magnate Jack Lam

South Africa Going After Illegal Gambling - In South Africa a combined national police and federal enforcement initiative has shuttered 19 illegal gambling venues across the provinces of Northern Cape and North West.

The Winning Express arbitrage sports betting scheme - A UK-based GBP 27 million arbitrage sports betting scheme, The Winning Express, has collapsed, leaving a thousand investors with concerns that their money is lost, according to a BBC report over the weekend.

Global Poker League Championship Results - #gpl The inaugural season of the Global Poker League Championship played out this week with the Montreal Nationals besting the Berlin Bears across 11 games to claim the $100,000 main prize.

Yahoo DFS Gets Uk License - #yahoo Industry observers point out that Yahoo has thus far carried out little in the way of major marketing on DFS in its US endeavors, unlike rivals DraftKings and FanDuel, and they expect it to follow a similar path in the Britain.

SPANISH GAMBLING MARKET CONTINUES TO GROW - Spain's gambling industry continued to advance in 2015 with growth in most sectors, according to the latest research report from the Codere - University of Madrid Institute for Policy and Governance collaboration released this week.

Novomatic Acquires Albanian National Lottery - #Novomatic The Austrian gaming technology group Novomatic has issued a statement confirming that it has completed the final required steps for the successful acquisition of the Albanian National Lottery.

2016 Massachusetts Gaming Commission Report - Industry journalist Steve Ruddock picked up on some interesting statistics from the latest annual report of the Massachusetts Gaming Commission released this week, flagging the current results from its on-going monitoring research of the state gambling market.

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