Mr Green In Tax Tussle With Austria
By Casinomeister, Last updated Oct 10, 2014
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 (GBP 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 percent 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".
Online Casino News Courtesy of Infopowa
More news
here.
The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophotography.
bryan@casinomeister.com
Top 5 casinos
