Italy’s Report on Tax Evasion Runs Gamut on Gambling
Illegal Gambling Crackdown in Italy…A “Report on Tax Evasion“
Illegal Gambling Crackdown in Italy…A “Report on Tax Evasion“
Italy’s Report on Tax Evasion Runs Gamut on GamblingItaly is cracking down on illegal gambling operations. Pier Carlo Padoan, Italian Finance Minister, has disclosed the chain of new procedures that is being taken to keep Italian residents from illegal gambling operations.
Some websites are displaying information that states that the Italian tax authorities will issue an investigation into the illegal gaming rooms in Italy that have not gotten a license from the Autonomous Administration of the State Monopolies (AAMS). The investigation will consist of all types of gambling, including poker, and will involve the complete gamut across online gambling. When incidents arise where there is suspicious transactions, the operatives as well as the players that are involved will all be presented with a direct fine.
“These actions are part of our policies to prevent and stop those violations that can damage the national finances!”
This investigation has come about due to the article that was given to the Italian Council of Ministers titled “Report on Tax Evasion.” This article was intended to encourage action to be taken over suspiciously made transactions on illegal gambling websites.
A newly made report issued by the Department of Finances produced information that Italy loses approximately €122 million in taxation over illegal gambling operations. The national government has recommended that a stronger partnership between international banks and financial organization form to aid in such losses.
In the meantime, PKR which is a UK based online gaming operator, proclaimed that it began October 7 the discontinuation to stop all operations in Italy and remove itself from Italy’s internet poker market. They stated that “we will now focus our efforts on markets which can more efficiently drive our business forward.” Any current players of PKR in Italy will still be allowed to withdraw any funds left in their accounts.
