BWIN EXEC PRESENTS SPANISH REGULATORY PROPOSAL
25 July 2008
Spanish tax coffers could benefit by as much as
$1.03 billion
Karin Klein, the Regulatory Affairs Director for
European online gambling giant Bwin, presented
regulatory suggestions for Spanish gambling to the
recent Gaming Executive Summit in Madrid, emphasising
that any new regulations should take into account the
existing license and tax systems, the transparency of
companies, security, responsible gaming policies and the
introduction of an independent control body.
Presenting the Bwin proposal for discussion, Klein
suggested that it would guarantee protection for the
user, additional income for the state and a secure and
consistent legal framework for operators, because it was
devised with the European Union’s present tax system in
mind - taxation for games of chance calculated on a
firm’s gross incomes as an aggregate tax base, and
associating the incomes of firms from EU member states
to those obtained in Spain.
Klein gave an example, saying that online providers who
were granted licensing in Spain and participated in the
Spanish market should pay the gambling tax in Spain
related to the income generated by users that live in
the country. Tax rates must remain competitive in order
to ensure that online gambling providers with a European
licence remain attractive to the global market while
also avoiding double taxation in the European Union.
Efficient regulatory and tax moves could deliver Spanish
tax revenues of up to $1.03 billion from online
gambling.
The Vienna listed Bwin group has been a major force in
pushing for a properly regulated and integrity-driven
online gambling industry and is a prominent member of
the European Gaming and Betting Association (EGBA).
Online Casino News courtesy of
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