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Costa Rica government to regulate and tax online gambling
Proposals will likely not be well received by operators.
The on again - off again initiatives by the Costa Rica government to regulate and tax online gambling operators based in the country appear to be hardening into action, with the Finance Ministry of recently elected president Laura Chinchilla (51) unveiling its draft plans, revised after protests by local operators.
The proposed legislation calls for the setting up of a Gambling Control Board for internet casinos and gaming which would be financed from a regulatory levy set at 0.5 percent per year based on gross income.
According to Tax-News, the regulator will issue licenses valid for up to six years and supported by punitive measures for non-compliance.
In addition, the proposal includes provision for a 15 percent tax on gross monthly income and a flat licensing fee of $50 000 per annum. It is envisaged that the new Gambling Control Board will be governed by a Supreme Council chaired by the Minister of the Interior and Police.
Local politicians claim that the tax revenues are urgently required to help fund the fight against the country's rising crime rates.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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