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Online poker: The taxation on gross gaming revenue abandoned in France
As already announced, the French deputy Jean-François Lamour presented his Amendment No. 363 for the Finance Act 2012 in front of the French National Assembly and the Budget Minister, Valérie Pécresse. This amendment, for recall, has as target to modify the taxation system for online gambling including poker, which currently occupy most of the French market of online gambling. It thus provides a new tax with the change of the current tax set on the bet by a tax on Gross Gaming revenue. During the presentation of the amendment, the government appeared to be favorable to the taxation on the Gross Gaming revenue, the Minister of Budget, however, wanted to highlight three conditions : a clearer definition of the Gross Gaming revenue : "Is it with or without subscriptions and bonus ? ", find consistency with the tax treaty of European Union countries to prevent tax evasion and finally find a solution to the problem of taxation between online betting and live betting.
Although the change of tax base will not reduce a Euro the tax revenues according to the member Jean-Francois Lamour, but the budget minister Valérie Pécresse has already taken her side and said she didn't agree with this new pricing which she said could lead to a "tax leakage". Following an agreement between the two entities, the Amendment No. 363 on the Gross Gaming Revenue (GGR) was removed at this time. Taxes on online gambling event is actually the event that all enthusiasts of poker followed in France. Jean-Francois Lamour withdrew his amendment at the request of the minister and agreed to review the conditions imposed by the minister.
Source: Jack SMITH
Wednesday, 26 October 2011
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