|
Online gambling: A new tax project in France
Regulation and taxation of gambling and online poker are currently in the headlines of newspapers around the world. While online gambling commission and operators are looking for a way to legalize poker in the United States, France through the Regulatory Authority of Online Games (ARJEL) is looking for a way to reduce the tax levied on online poker. As a reminder, poker is regulated in France since July 2010 with new licenses awarded by the ARJEL to online gambling operators. The ARJEL has just proposed to the government a new regulation having 65 proposals. Such proposals include a new tax based on Gross Gaming Revenue (GGR) which is currently perceived by taking in consideration all players' bets.
Unlike the UMP deputy Jean-François Lamour who proposed a tax of 20% of all online games during the last parliamentary report, the Regulatory Authority of Online Games suggest a tax of 25% for poker, 38% and 55% for sports betting and horse betting. In its report, the member of the UMP also proposed a return rate to players of 90%, a point that the ARJEL also reviewed to boost the attractiveness of other services of French operators over the competition. Thus, this authority suggested a return rate of 95% to substitute that of 85% currently effective. But whatever the tax determined in November during this revision of the law about online gambling, French players can already be sure that the tax on online gambling will be soon reviewed and will be more attractive.
Source: Jack SMITH
Tuesday, 06 September 2011
This page has been viewed 1701 times.
All trademarks and copyrighted information contained herein are the property of their respective owners.
|
