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Britan Poker Tax Status Changing
12/31/09 - The respected Guardian newspaper in Britain this week considered the adverse impact of new UK tax provisions on poker operators that could be so severe as to effectively kill interest in providing the game.
Writer Victoria Coren, herself a skilled and experienced poker player as well as a senior journalist, looked ahead to 2010 in an article that postulated a serious risk that regular games will die before the end of the new year.
Coren examined the case of the card room at the Victoria Casino in London, which she described as the headquarters of British poker.
"Local rivals come and go, but can never truly compete – or couldn't, until the government interfered," writes Coren.
"The 2009 spring budget introduced a stupid, greedy, ill-thought-out change to the tax rules. Casinos always paid full tax on their table games, but Valued Added Tax only on poker. That's because poker was a "service" rather than a "business" – at the Vic (or similar outfits) customers play against each other, not the house, paying only a small hourly fee for table hire.
"The budget ignored this, slapping a full tax rate on poker as well. The money raised will be too small to affect the nation's finances: it's just big enough to cripple the Vic. It has cost them an extra million (GBP) so far this year. If poker is as expensive for them as roulette, while being so much less lucrative, why should they bother to keep having it?"
Coren goes on to urge the poker playing public to write their political representatives and the Chancellor of the Exchequer [finance minister] demanding that the punitive tax be removed to preserve the game and the companies that offer it.
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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