Tag: tax
Betfair implement new turnover charge
News from Australia this morning that Betfair are to implement a turnover charge on customers, full details: –
https://betfair.com.au/turnovercharge/
In case you were not aware, a high court ruling this year in Australia has switched the law from a gross profits tax to a turnover based revenue fee for racing. This doesn’t affect the well established and politically well oiledl, but slightly ancient and backward thinking, incumbents in Australia; but does have a significant impact on the new entrants like …
Online betting tax imposed
Stark headline for a lot in this sector, but in the latest austerity budget in Ireland there were proposals to level out the playing field by introducing a new tax on phone and Internet gambling. As always, details are a bit sketchy at the moment but shops have been taxed for sometime but other channels not, so this is addressing that discrepancy.
Quite how it will work and be enforced is difficult to see at the moment, but it will …
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