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Bulgarian gambling Tax Not Resolved
11/26/09 - Last week's compromise tax of 12 percent on all Bulgarian gambling turnover may have suited members of parliament, but it has not gone down well with prime minister Boyko Borisov, who wanted to balance the budget with a 15 percent tax.
Borisov's plan was to use the tax revenues generated by a 15 percent rate to avoid tax increases on hard liquor and maintain assistance to young Bulgarians trying to purchase a first home.
The Novinite news agency reports that after discussions with the parliamentary Speaker, Tsetska Tsacheva, Borisov announced that he had asked his GERB party and parliament for the 15 percent rate. However, parliamentarians had already approved amendments eliminating the first home proposal.
Characterising the amendments as a mistake, the prime minister vowed to reverse these decisions.
The prime minister told local media that he required the 15 percent gambling tax to balance the budget and allow him to meet commitments to Bulgarian grape growers not to increase the hard liquor tax.
The Bulgarian parliament voted at first reading on November 4, 2009 in favor of an increase in the tax rate on gambling activities from 10 percent to 12 percent as part of amendments to the Corporate Income Tax Act . The amendments are expected to come into force in January 2010, harmonising all Bulgarian gambling tax rates.
The Bulgarian Association for Entertainment and Gambling Games has protested the 12 percent rate, saying it will cause the collapse of the gambling industry with the loss of 40 000 jobs.
NBA Odds: Warriors Big Favorites to Beat Cleveland -
The Warriors didn’t take last year’s NBA Finals collapse lying down. They added Kevin Durant to the starting rotation; Durant is +220 to win this year’s Finals MVP award, while Cleveland superstar LeBron James is all by himself – also at +220. Kyrie Irving is the next closest Cavalier at +1000.
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To win, you need to get a pair of Tens or better. Jerry K., however, got a much higher hand than the minimum; he pocketed $397,879 after landing the game’s best possible hand: a royal flush.
NBA : Warriors Win the West; NBA Finals Next -
The Golden State Warriors will play in their third-straight NBA Finals. They completed their sweep of the San Antonio Spurs Monday night, rolling to a 129-115 victory as 12-point road favourites; Golden State opened the season as a –250 chalk to win the Western Conference.
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NHL Odds: Lone Canadian Team Plays on Friday -
“Stingy” is a word that many have used to describe the Ottawa Senators in Round Three. The Sens know that they’re overmatched against a Pens lineup that features the likes of Sidney Crosby, Evengi Malkin and Phil Kessel, but with determined defensive play, Ottawa managed to frustrate the Penguins on their home ice, stealing one of two games.
NBA Odds: Will Cavaliers Be Rusty in Game 1? -
The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
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