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Friendly Gambling Taxes in Victoria best gambling(2)

Source:sites edit:casino time:2017-12-04

As revealed by industry representatives, bookmakers offering online wagering options have been vastly discontent with the possibility for the implementation of a point of consumption tax, and have ramped up efforts to change lawmakers’ mind. It is believed that bookmakers have been lobbying for a lower tax rate than the discussed 15% on their instate revenue.

According to an unnamed industry insiders, the majority of bookmakers would not be able to make a 15% margin on Victoria wagering, which would result in quite unpleasant consequences for the industry.

A 15% point of consumption tax was introduced in the United Kingdom in late 2014. According to analysts, the new tax regime did not affect operators’ betting revenue, but did impact industry profits in a negative manner.

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