Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
Osbourne said that the current duty regime for remote gambling introduced by the last government was levied on a place of supply basis and that this had allowed overseas operators to “largely avoid it – and much of the industry has, as result, moved offshore”. “Ninety per cent of online gaming in the UK consumed by our citizens is now supplied from outside the UK. And the remaining UK operations are under pressure to leave”
He will also introduce double taxation relief for UK-based online gambling operators from next month. "These changes will create a more level playing field, and protect jobs here," (which is actually true, shocking)
Also a new "Machine Games Duty" with a standard rate of 20%, lower rate for low stakes and 5% of net takings.
Joined: Aug '10
Location: Germany
Age: 52 (M)
Posts: 2219
Lol they all say they want protect the players but in real they want their money. Its always the same, at first the large tax for the casinos and now they want the money from the online poker rooms and casinos.
Joined: Jan '11
Location: United States
Age: 60 (M)
Posts: 3361
Actually itmay cost players some money when withdrawing, but at least they're not shutting down sites first then attempting to make the changes or implement new tax laws. The U.S. should have allowed the sites like FT to continue to operate, work with them so they could pay back whatever the fines are while still making an income. I could be wrong, but the UK are at least letting everyone know ahead of time instead of holding everything.
Joined: Nov '09
Location: Canada
Age: 55 (M)
Posts: 2387
Posted by Greenmohave: Actually itmay cost players some money when withdrawing, but at least they're not shutting down sites first then attempting to make the changes or implement new tax laws. The U.S. should have allowed the sites like FT to continue to operate, work with them so they could pay back whatever the fines are while still making an income. I could be wrong, but the UK are at least letting everyone know ahead of time instead of holding everything.
The difference is that in the United States these sites were operating contrary to the law (whether or not people agreed with that law is a different matter), and finding ways to circumvent the law. So when the DOJ got a hold of someone who was willing to rat it out they had a way to shut the whole thing down.
Governments are the biggest promoters of casinos, lotteries and gambling, so these online companies need to figure it out with the politicians or they will be squeezed out completely.
Joined: Mar '08
Location: United Kingdom
Age: 44 (M)
Posts: 6714
Posted by Flippedchips: so are they taxing your winnings or just the company?
Well, that's a loaded question, I guess companies will just increase fees to cover costs, so we pay, but not on paper, as then we could of set our losses against earnings. As bad is it seams, its actually good, as UK operators wont need to take business of shore, but I do believe sooner or later it will be a UK only, and when they can they will tax winnings too, but not for now.
Joined: Apr '09
Location: Portugal
Age: 44 (M)
Posts: 4827
That is positive. It is certain that UK will advance with those licenses and players only have to win with that. Having these games paying taxes will also move Govt to know if their activity is rule by the law, so, sooner or later, rigged online poker will be just a legend from old times.
Joined: May '09
Location: Spain
Age: 49 (M)
Posts: 1331
Hi guys!!
All countries will have taxes in gambling sooner or later. The sad is when some laws make more difficult to the player continue playing. As some legislations do with the segregation.
Joined: Mar '09
Location: Greece
Age: 47 (F)
Posts: 14136
They are just jumping up the train that cruises around lately. Not the first country or the last that will follow such measures. And the thing is that they all have the excuse fo doing it for the good of their citizens. How good is for me to get something for free and then pay tax for it?
