Macau Gambling Taxes Down

Taxman feels the pain of the gambling island's reduced business in January

The Macau taxman felt the pain of the drop in gambling business on the island during January, reporting that tax revenues declined 27.5 percent.

The Financial Services Bureau reported total tax revenue of MOP10.50 billion ($1.3 billion), around $475 million less than during the same period the year before.

Direct taxes from gaming brought in $1 billion, dropping by 29.7 percent from $1.5 billion last year.

A tax of 35 percent is applied on gross gaming revenue by the government, along with a 4 percent tax on gross in indirect taxation.

Financial observers attributed to lower tax harvest to lower gaming activity.

Online Casino News Courtesy of Infopowa

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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 astrophography.

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