GREEK GOVERNMENT HOLDS OFF AGAIN ON GAMBLING
TAXATION
30 October 2009
Further talks with gaming monopoly planned
The Greek government's plans to impose a new 10 percent
tax on gambling winnings have been further suspended,
and new talks are scheduled on the measure following
strong opposition from sales agents of the country's
betting monopoly OPAP, the Reuters news agency advises.
The law, which was passed in July by the country's
previous conservative government, was due to go into
effect on October 21 after an initial delay od a month,
which has now been further extended by the new socialist
government.
"The finance minister will as soon as
possible submit to Parliament an amendment to suspend
the problematic clauses on the taxation of gaming
winnings," the Finance Ministry said in a statement this
week.
The ministry said it would soon begin
consultations to seek a rational and fair solution on
gaming taxation, but did not say whether it would
reintroduce a tax-free threshold for lottery winnings,
which OPAP agents are asking for.
The taxation
measure, which had been agreed in a bid to help contain
Greece's ballooning budget deficit, led to sharp losses
in the monopoly's shares. Sales agents were concerned it
would discourage punters from reinvesting their profit,
hurting sales.
The law also scrapped tax-free
winnings from lotteries and fixed-odds sports betting
games.
Online Casino News Courtesy of
Infopowa
More news here.
Top of page |
Home |
News |
Forum |
Webcast |
Vortran |
Accredited Casinos |
Evil Ones |
Pitch a Bitch |
Online Gambling Resources |
Poker
|
