Mr Green In Tax Tussle With Austria

MR GREEN IN TAX TUSSLE WITH AUSTRIA

06th October, 2014 at 06:37:44
Source: http://www.azonlinecasinos.com

Potential tax liability of SEK 100 Million

Online casino operator Mr. Green and Co. is disputing an Austrian tax liability that may amount to SEK 100 million ( 8.59 Million) and has submitted a self-correction in accordance with Austrian Tax Law.

The dispute relates to the 2011 implementation of Austrian law that imposes a 40% tax on gross game win on sales originating in Austria through online casino operations.

The company has embarked on legal action saying: "We dispute the tax liability. But the consequence of a loss in the legal process is so extensive that Mr. Green and Co. have chosen to provide information regarding implementation of a self-correction.

Mr Green have several objections relating to the Austrian law saying the law is deemed contrary to the constitutional law in Austria and is considered contrary to several EU directives.

Related News Tags:



« News index »



SPORTECH FULL YEAR 2016 RESULTS

29th March, 2017 at 15:16:22
Results fail to impress but transformational period positions company for growth, Board believes.

NEW TELEVISION ADVERT FROM ONLINE CASINO

28th March, 2017 at 19:47:54
PlayOJO.com begins major marketing push in UK.

HABANERO HAILS STRONG START TO 2017

28th March, 2017 at 11:21:29
Future looks bright, developer says.

PARIPLAY LAUNCH BLOODSHOT (Update)

27th March, 2017 at 20:04:48
Based on iconic comic book series.

ULTRAPLAY DOUBLE DEAL

27th March, 2017 at 13:46:09
With Mbitcasino and Arcanebet
Full Story: Ultraplay Double Deal »