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Italy Looking at online gambling Tax
Wednesday September 23,2015 : ITALIAN LAWMAKERS MULL INTERNET TAX
Two years after the spectre of web taxation witas rejected, a new initiative is in the works.
Italian media reports, confirmed by expert legal and tax sources, suggest that the spectre of "point of consumption" defined internet taxation is about to be resurrected in Italy over two years after a similar motion was rejected.
The imposition of such a tax could impact Italian online gambling operators, a point confirmed by its chief proponent, Economy Undersecretary Enrico Zanetti.
According to some reports, Italian prime minister Matteo Renzi, who opposed the concept two years ago, has undergone a change of heart and is now favourably disposed towards the proposed "Digital Tax", which Zanetti would like to see implemented from January 2017.
The proposal currently suggests a 25 percent withholding tax on companies operating in the Italian market that have been transacting over the Internet for at least six months with revenues in excess of Euro 5 million. The withholding tax would be applied by the financial institution processing the payments from Italian residents.
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Gambling News :
Betsoft Gaming In Deal With SuprNation -
Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.
Ladbrokes New SPonsor of The Hennessy Gold Cup -
The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.
Ladbrokes Appoints Annemarie Durbin -
Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.
Olympus Slot Pays $210k Jackpot to USA Player -
“I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”
Divine Fortune SLot Launches -
NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.
2 Huge Wins at Bovada Casino -
Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.
China Internet Clean Up Campaigns -
The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:
AOPA to campaign for poker to be left alone -
The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.
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