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KPMG REPORT URGES SWITCH TO GPT IN ITALY
30th July, 2012 at 06:39:54
New online sports betting tax regime will achieve more Government income and better consumer protection
A KPMG report commissioned by trade association The Remote Gambling Association (RGA) urges the Italian government to switch to a gross profit tax (GPT) for online sports betting in Italy.
The current turnover tax system is said to be responsible for punters turning to offshore jurisdictions where they get better value than betting on AAMS-regulated websites, said the report.
The RGA said the new tax regime would result in more income for the government and better social protection measures for customers.
Related News Tags: Italy
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