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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.
Keimo Suominen Wins MPNPT Tallinn 2017 Main Event -
Finnish online qualifier Keimo Suominen has taken the mantle of MPNPT Tallinn Champion from last year’s winner Ranno Sootla, winning €45,200 after a heads up deal with Davis Modans. They’d outlasted a field of 534; the total prize pool reached €258,990 – well over its €150,000 guarantee.
14 Left in MPNPT Tallinn Main Event -
All 14 players who have made it to the end of Day 2 in the MPN Poker Tour Tallinn Main Event can now consider themselves to have officially run deep.
Day 2 of the MPNPT Tallinn Main Event -
Day 1b of the MPN Poker Tour 2017 Tallinn Main Event easily surpassed the tournament’s €150,000 guarantee on its own. Yesterday’s 416 entries brought the total number so far up to 522
Michael Myers is back in Halloween Slot Machine -
Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.
Joe Fortune new Rewards Program -
Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
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