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COMMENT ON UK GAMBLING TAX PROPOSALS
Thursday June 21, 2012 : WINDOW FOR COMMENT ON UK GAMBLING TAX PROPOSALS CLOSES SOON (Update)
Three month consultative phase ends on June 28
The British government's controversial proposal to license regulate...and tax...online gambling operators based on the "point of consumption" - i.e. the punter's computer or mobile device - enters a new phase on June 28 when the three month consultative window on the tax proposals closes.
Offshore operators wishing to access UK online gamblers will have to meet "secondary licensing and tax" requirements if they are to continue to operate legally in the UK market, and be allowed to continue to promote their services in UK media.
The new laws effectively seek to dismantle the traditional operator defence that remote gambling takes place on the operators' servers, and if these are located in another jurisdiction, that jurisdiction’s law applies and not that of the UK.
Several large UK gambling groups have in the past based their online and mobile operations outside the UK in order to take advantage of more lenient tax requirements in offshore jurisdictions.
Under the new dispensation, the UK government is proposing a 15 percent tax on operators' gross profits in respect of all bets placed with them by UK players.
According to government estimates, only 10 percent of online gambling activity by Brit punters generates tax revenues for the UK, and the new approach will address this anomaly.
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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