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MR GREEN IN TAX TUSSLE WITH AUSTRIA
06th October, 2014 at 06:37:44
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.
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