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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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NBA Odds: Will Cavaliers Be Rusty in Game 1? - The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.

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NHL Predators First Ever Conference Finals Appearance - With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.

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