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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.
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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