Online Casino In Challenge To Austrian Taxman

Mr Green gears up for litigation, and files a European Commission complaint

Online casino operator Mr Green & Co has initiated an appeals process regarding its fiscal responsibility in Austria, and has sought recourse through the European Commission.
"We contest the tax liability in its entirety and are hopeful that our objections will be given due consideration. We are now seeking recourse through the Austrian courts and the European Commission," said Per Norman, CEO of Mr Green & Co.
The online casino company operates from Malta and is subject to a Malta gaming license issued by the Malta Gaming Authority. Since 2011, Austria has enforced legislation requiring online casino companies servicing Austrian residents to be taxed at a rate of 40 percent on gross game win.
Mr Green Ltd and the company's expert advisers have several objections to the Austrian legislation and contest the liability to pay tax in its entirety on multiple grounds; the company has consequently filed an appeal with the Administrative Court in Austria and submitted a complaint to the European Commission.
In accordance with IFRS, Mr Green has already made a provision of SEK 108 million connected to the self-assessment period (Jan 2011 to Aug 2014) against its fourth-quarter results for 2014.
The previously communicated payment plan has now been submitted to the tax authority, meaning that payment of the SEK 108 million is expected to take place in 2015 and 2016.

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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