« News index »
GAMBLING TAX RATE STILL TOO HIGH IN SPAIN
15th April, 2011 at 03:37:12
Spanish gambling trade association warns on consequences of excessive taxation
The Spanish gambling trade association AEDAPI, whilst welcoming the passage of the gambling reform bill through the Congress of Deputies this week (see previous report), has cautioned that excessive taxation enshrined in the bill could have negative consequences.
The Association recognises that regulation brings with it many benefits to both the nation and operators who want to set up business within it, but remains concerned that the proposed tax rate has remained high at 25% of net income.
This was one of the highest tax rates in Europe, the Association pointed out, and meant that operators in a competitive market will face a long haul to profitability.
The Association reminded lawmakers that several recent independent studies had shown that overly high rates of taxation actually led to a reduction in the amount of taxes collectable once a tipping point was reached, and that tipping point had been exceeded in the bill.
Related News Tags: Spain
SPAIN'S ONLINE GAMBLING MARKET HAS A SOUND FUTURE
29th March, 2017 at 19:48:16
Analyst says sector likely to deliver Euro 500 million in Revenues in 2017.
BETSSON ACQUIRES SPANISH ONLINE CASINO OPERATOR FOR EURO 3 MILLION
03rd March, 2017 at 09:20:39
Premier Casino boasts a player base of 260,000.
STEADY GROWTH CONTINUES IN SPAIN'S ONLINE GAMBLING MARKET
25th February, 2017 at 07:43:55
Fourth quarter 2016 results show continued significant wagering across all verticals.
WAS INTERPOL NVOLVED IN BIG PHILIPPINES ONLINE GAMBLING BUST?
31st December, 2016 at 05:32:17
Statement from international body suggests Clark Field Freeport action may have been part of an international operation.
SPORTIUM BECOMES 22ND ESSA MEMBER
23rd December, 2016 at 12:20:59
Commits to combating betting fraud and supports integrity in sports.