The association suggests a gross profits tax would be preferable
RGA opposes Spain turnover tax
(Spain).- The Remote Gambling Association (RGA) has claimed Spanish proposed turnover tax on online gambling businesses will threaten their ability to operate viably within a regulated market.
2011-01-17
Reading time 27 seg
The online gambling trade association – which represents 30 operators including Ladbrokes, PartyGaming and Bet365 – suggests a gross profits tax would be preferable, after employing professional services firm KPMG to examine its impact in comparison to that of a taxonturnover.
The paper from KPMG concluded that “a gross profits tax would serve to optimis e the size of the Spanish market with the positive effect that this will have on tax revenues collected by the State.”
The Spanish Football League (LFP) has also come out in opposition to the draft gaming legislation in its current format, claiming its policy on sports betting only serves the interests of the state and fails to preserve the rights of organisers.
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