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| Friday, May 25 2012
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Online gambling in France: A tax reform after May 2012
The establishment of the Consultative Committee of Games on Monday, March 14, 2011 was the occasion for the minister of Budget François Baroin to give more precision on the grievances of many online poker and sports betting sites about the change on the taxation of their activity and the extension of gambling license. The long-awaited tax reform by French operators of online poker and online gambling is not appropriate at the moment and will not happen this year. The new study of the current taxation of gambling and online poker considered as very high will wait until May 2012, after the presidential elections. Nevertheless, the first French official of State budget estimated that it's subservient to program for September 2011 the review of the law with a possible revaluation.
In addition, the minister of Budget François Baroin also spoke about the special status of big players who occupy 10 to 15% of the legal market. Thus, these high rollers that go beyond the law by using specific software while trampling outright bans limitation of stake will now be in sights of French authority, who will do everything to fight against corruption and cheating. In this vein, the number one of French government department's budget announce his willingness to consult as it should be the "Livre vert sur les jeux en ligne”, which normally should lead to the plan set by the European Union.
Source: poker777.com
Tuesday, 22 March 2011
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