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European Union-wide taxation on online gambling
Wednesday November 14, 2012 : TAX ONLINE GAMBLING ACROSS EU SUGGESTS SPECIAL COMMITTEE
Online gambling "a cheap resource for organised crime"
European Union-wide taxation on online gambling came out of a public hearing arranged by the European Parliament special committee on organised crime, corruption and money laundering whose focus is on the removal of financial control that Mafia organisations are perceived to have over banking institutions in the European Union.
“Gambling is just a perfect tool for money laundering, because it is complicated to chase money flows. The major issue is that often online gambling is tax free, so it is a cheap resource for organised crime: the very first step is to tax this flow of money”, said Ingo Fiedler, professor at the University of Hamburg.
Other suggestions included those from MEP Mario Borghezio - EFD, IT who raised the issue of combating tax havens, while MEP Bill Newton-Dunn - ALDE, UK said EU countries should be applying the same standards when it comes to monitoring the clients of banks, a point supported by Rene Wack, chair of the European Banking Industry Committee who commented: “Banks should know high-risk clients and follow their activities through a unique European database for all the banks of the member states."
The CRIM special committee on organised crime, corruption and money laundering was set up in March 2012 further to the adoption, on 25 October 2011, of the European Parliament resolution on organised crime.
It is tasked to assess the impact of mafia-type activities on the EU's economy and society and to recommend legislation and other measures to equip the EU to respond to these threats at an International, European and national level.
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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