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- May 22, 2012
It appears the island is attracting a sizeable criminal element due to easy tax avoidance, easy business registration and money laundering....
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Ah! THAT explains why so many casinos are based there!It appears the island is attracting a sizeable criminal element due to easy tax avoidance, easy business registration and money laundering....
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Ah! THAT explains why so many casinos are based there!
KK
Ah! THAT explains why so many casinos are based there!
KK
If the casinos wouldn't manage a regular tax rate like in so many other countries, then they aren't really run very well. It is a shame that they hide away in Malta paying almost no tax, when they are being financed by players from other countries, some of them developing gambling problems which again their respective countries will end up financing.Obviously, the MGA works and for once we have properly licensed casinos in the EU. They can handle player issues, and the casinos operating out of there are on average pretty well vetted. So international businesses are taxed 3%? That's their sovereign right to do so. I wish I was paying only 3% tax.
You do realize that if the casinos that you so happily play were to be taxed 35-45% it would kill the business - you'd probably never see another bonus again.
To compare Malta to Panama is a joke. People doing so have probably never set foot in either country. The article should have been named "Malta: 3% taxes for International Businesses and the EU doesn't like it."
Ah! THAT explains why so many casinos are based there!
KK
If the casinos wouldn't manage a regular tax rate like in so many other countries, then they aren't really run very well. It is a shame that they hide away in Malta paying almost no tax, when they are being financed by players from other countries, some of them developing gambling problems which again their respective countries will end up financing.
I read the article and it's pretty flaky. Not much substance and makes a number of sensationalized comments.
Obviously, the MGA works and for once we have properly licensed casinos in the EU. They can handle player issues, and the casinos operating out of there are on average pretty well vetted. So international businesses are taxed 3%? That's their sovereign right to do so. I wish I was paying only 3% tax.
You do realize that if the casinos that you so happily play were to be taxed 35-45% it would kill the business - you'd probably never see another bonus again.
To compare Malta to Panama is a joke. People doing so have probably never set foot in either country. The article should have been named "Malta: 3% taxes for International Businesses and the EU doesn't like it."
Well, duh. Low taxes, it's in the EU, it's legal, and it's properly vetted. Where else are you going to go?