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PROPOSED DUTCH TAX RATE ALMOST 41 PERCENT
Further details are now available on our earlier story concerning a move by Dutch legislators to start taxing foreign and 'illegal' online gambling sites, and it appears that taxation will not imply approval or legal recognition.
Specifically, the Dutch Staatssecretaris for fiscal affairs driving the proposal, Jan Cornelis de Jager, argues that tax laws do not differentiate between legal and illegal tax subjects, and that both should therefore be treated with equity by the fiscus.
De Jager (39), a member of the Christian Democratic party who was appointed to the Dutch Cabinet in February last year, was an IT entrepreneur before entering politics and knows his way around the new Internet economy. In 1992, while still at university, he founded IT company Spectra Vision. All business activities were handed over to ISM eCompany (Innovative Solutions in Media) in 1997, where de Jager was CEO until his appointment to the Cabinet.
The mechanics of implementing the suggested and rather draconian 40.85 percent tax are still to be finalised, but it will be based on revenues generated and will include winnings by online gamblers. How this is to be achieved is not yet clear.
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Gambling News :
Phil Ivey Loses Borgata Casino -
Phil Ivey has lost in his four-year legal tussle with the Borgata over baccarat winnings; on Friday a US federal judge ruled that he and a companion violated New Jersey state gambling regulations in the manner in which they won nearly $10 million playing at the Atlantic City casino.
NYX Gaming in deal with Endemol -
"Endemol Shine’s IP will be a strong addition to the NYX portfolio of content and we look forward to working together to bring additional instantly recognizable brands to market.”
NEW CAMBODIAN GAMBLING LAWS -
After more than two years of debate and drafting, Cambodia may be closing in on final agreement regarding its proposed gambling law changes.
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
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