Bundestag committee hears opposing views on German turnover tax

Bundestag

A session of the Bundestag’s Finance Committee heard fierce industry opposition to a proposed igaming turnover tax. But there was also a lot of support for the proposed levy on licensees’ turnover.

The 7 June hearing centered on a proposal to amend the country’s Race Betting and Lottery Act. The legislation would impose a 5.3 percent turnover tax on all forms of online gambling, including poker and slots.

In effect, this would result in tax bills being higher than the 25% gross profit tax set for in-person gambling.

The chair of industry association Deutscher Verband für Telekommunikation und Median (DVTM), Renatus Zilles, warned that such a high rate would only benefit the unlicensed market.

 

Categories:

Tags:

Share:

Facebook
Twitter
LinkedIn
Email
Nassima Azmzm

Nassima Azmzm

Leave a Comment

0 responses on "Bundestag committee hears opposing views on German turnover tax"

Leave a Message



Qasiknow.com is born out of the necessity of sharing information and knowledge with everyone in the gaming industry who is interested in learning, growing, discovering different points of view and ways of doing things.

Upcoming Events

top
Copyright ©️ Qasiknow.com | All rights reserved.