Category: Gaming

Paul Brannen: Why the poacher who turned gamekeeper could bag the tax dodgers

North East Labour MEP Paul Brannen on why European Commission president Jean-Claude Juncker can crack the tax dodge problem The expression ‘poacher turned game keeper’ sprang to mind this week in the European Parliament as in meeting after meeting Jean-Claude Juncker’s suitability for the top job in the European Union… – Continue reading

Refund Management Services Congratulates World Series of Poker Main Event Champion

Refund Management Services (http://www.RefundManagement.com), the number one choice for Canada’s biggest winners for U.S. gaming and casino tax refunds, is issuing its congratulations to the World Series of Poker (WSOP) Main Event champion and weighing in on international gaming tax exemption laws. The WSOP is held annually in Las Vegas,… – Continue reading

FATCA: Are Transnational Criminal Networks Influencing US Policy?

The New York Times’ report on prominent American think tanks receiving some $92 million from a minimum of 63 governments since 2011, prompted Rep. Frank Wolf (R-Va.) to ask Attorney General Eric Holder, a long overdue question: “Should think tanks be allowed to take undisclosed donations from foreign governments?” According… – Continue reading

Sears, Pinnacle Entertainment Look At US REITs

Sears Holdings and Pinnacle Entertainment have become the latest US companies to announce that they are considering establishing real estate investment trusts (REITs), to unlock tax advantages that have been considered by some companies as an alternative to a corporate inversion. REITS do not pay corporate tax as long as… – Continue reading

Tabcorp calls for overseas-based online bookmaker crackdown

Tabcorp is pushing the Federal Government to even the playing field when it comes to wagering. Tabcorp’s chairman Paula Dwyer wants a ban on rival offshore betting companies operating in Australia. An estimated 14 per cent of betting by Australians is with non-licensed offshore operators, Ms Dwyer told shareholders at… – Continue reading

GBGA Asks for Judicial Review of UK Point of Consumption Tax

The Gibraltar Betting & Gaming Association (GBGA) is continuing its challenge against changes to the United Kingdom’s regulatory and licensing changes for gambling-service providers by asking for a judicial review of a recent High Court decision which went against the GBGA’s interests, specifically challenging whether the new 15% “UK point… – Continue reading

The European Union Court of Justice Issues Historical Ruling in Favor of Italian Poker Players

The European Union Court of Justice (CJEU), Europe’s highest court in matters of EU law, ruled against the Italian government in a dispute related to the Italian taxation on gambling. According to the CJEU, Italy’s tax legislation operates in conflict with Article 52 and Article 56 of the Treaty on… – Continue reading

Isle of Man: Crypto-Currencies And The Isle Of Man

The Isle of Man is showing great enthusiasm for crypto-currencies – from the landlord at a popular Douglas drinking hole to the Lieutenant Governor, everyone is talking about digital currency and the potentially huge benefits to the Island. The Isle of Man Financial Supervision Commission (FSC) has announced plans to… – Continue reading

Manny Pacquiao Ordered To Explain His Taxes In Court: Is Pacman Now Taxman?

On top of his many boxing titles, including world championships in eight weight classes, Manny Pacquiao is on tap for a possible Senate seat in 2016. First, he has to get his taxes resolved. The Supreme Court of the Philippines ordered the boxing champ and potential Senator to answer the… – Continue reading

Manny Pacquiao Ordered To Explain His Taxes In Court: Is Pacman Now Taxman?

On top of his many boxing titles, including world championships in eight weight classes, Manny Pacquiao is on tap for a possible Senate seat in 2016. First, he has to get his taxes resolved. The Supreme Court of the Philippines ordered the boxing champ and potential Senator to answer the… – Continue reading

GoCoin CEO Steve Beauregard: “The Isle of Man Offers Many Competitive Advantages Over the US, UK, Luxembourg and Singapore”

Nearly 200 entrepreneurs, enthusiasts, private sector representatives and governmental officials were convened last week for the Crypto Valley Summit 2014 in the Isle of Man to share their points of views on numerous topics involving digital currencies and discuss the opportunities and challenges that is facing the industry. The two-day… – Continue reading

Global Tax Topical Focus – Corporate Inversions FAQ

To some, US companies switching their tax residency to gain a tax advantage are economic “traitors.” To others, they are victims of a United States tax code that effectively punishes them for investing at home and encourages them to look for opportunities overseas. In this Tax-News Topical Focus, we try… – Continue reading

Protecting sin tax gains

Elated by the success of their hard-won campaign to overhaul the country’s excise tax system, civil society groups are now shifting gear from raising taxes on so-called “sin products” to ensuring proper collection and preventing tax evasion, particularly on cigarettes. Anti-smoking advocate FCTC Alliance Philippines led by its president, Dr…. – Continue reading

Bahamas govt modifies position on gaming industry

NASSAU, Bahamas (CMC) – The Bahamas government says it is “unable to ignore” the nuances that came to light when the island held a referendum on gaming in 2013 as it announced measures to modify its position on regulating the gaming industry. Prime Minister Perry Christie said as a result,… – Continue reading

Isle of Man has very successful ICE 2014

The e-Gaming team for the Department of Economic Development and representatives from the Isle of Man’s e-Gaming sector have reported an extremely high number of enquiries from potential new business showing serious interest following a highly successful ICE Totally Gaming event in London last week. Howard Quayle MHK, the Department’s… – Continue reading