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Spanish Online Gambling Tax
Posted 1/13/11 : Continued furore over online sports betting tax proposal
The Remote Gaming Association, a trade body that numbers major UK online gambling groups among its members, has again warned that tax proposals in the Spanish government's initiative to legalise and regulate online sports betting could have serious consequences for operators, reducing their ability to effectively compete.
The RGA favours a gross profits tax model and has enlisted the professional services of KPMG to confirm its case. The independent professional services group comments in its report that gross profits tax would serve to optimise the size of the Spanish market, thus boosting tax revenues.
After some tentative moves at the autonomous provincial level in years past, the Spanish government now appears committed to a more collective national licensing and control regime for internet gambling.
Late last year draft proposals were debated and the government hopes to obtain European Commission approval and table the draft before parliament this year. Minister for the economy Elena Salgado announced late last year that the drafting stage of a new regulatory regime had been largely completed, with an estimated tax benefit to the state of Euro 200 million per annum.
Reports late last year suggested that the government proposed two different taxation levels; one for online sports betting, and another for other forms of internet gambling, including online poker and casino games.
Taxation on general internet gambling has been based on gross gaming revenue, but in the case of sports betting, where much of the debate has taken place, the rate suggested has been a flat 10 percent of turnover.
This has raised the hackles of trade associations and operators, who have warned of the dangers it poses to tens of millions in sponsorship and advertising Euros, and the limits it may place on the ability of Spanish licensed operators to effectively compete.
Trade associations like EGBA, the RGA and Spain's AEDAPI have all called for further consultation on the sports betting tax issue.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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