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FINNISH TAXMAN CONTACTING POKER PLAYERS
Tax authorities in Finland are causing confusion and perhaps even consternation with their latest strategy - demanding a declaration of Internet and land poker winnings from selected citizens who are poker players.
The recipients of the letters from the taxman were selected from winner lists in online and land gambling media and websites, a tax official told the newspaper Helsingin Sanomat.
Judging by message board and other player comment, it appears that several dozen Finnish players received the letters, asking them for a declaration of winnings made over the past five years.
The request applies to winnings earned outside the European Economic Area, Raimo Kinnunen and Taneli Lallukka, top officials in the Finnish tax administration told Helsingin Sanomat.
Mikko Hirvonen, the chairman of the Finnish Poker Players’ Association, says that the vagueness of the request and the short timetable put forward have triggered comment. Many players received the letter on Monday last week, and the deadline for a reply is mid-August.
There is confusion over whether it is sufficient for tax-free status that the organiser of a poker tournament is registered in an European Economic Area, or if the application for the tournament licence also has to emanate from within the EEA. Lallukka says that the matter is open to interpretation, as there are no legal precedents. At present, the deciding factor is where the organiser of the game is registered.
Gamblers are also unsure as to when they may deduct losses for tax purposes, and here Lallukka told the newspaper that a full-time player can deduct only those losses incurred in games played outside the EEA from winnings earned outside the EEA. Recreational players can only deduct the participation fees of the games in question.
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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