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Point-of-consumption online betting tax considered in Australia

A question with more than one side of the coin. People will gamble. whether someone like it or not. To put tax to it most likely push the gamblers to the black market. The most successful approach probably is to regulated the market and give out licenses to the casinos fulfilling the requirements. To try to lock out the online gambling industry will just move it to the grey are or even black. It’s like sending an invite to organised crime to bring the solution to the gamblers.and put tax on winnings

Surprisingly we are pro gambling. As mentioned above, with a licensing system that brings rules to the table. The only way. Stay free, Stay gambling!

 

igamingbusiness.com

Australia considers point-of-consumption online betting tax | iGaming Business

Australia’s federal government has revealed plans for a point-of-consumption tax (POC) on online gambling.

On Friday, Federal Treasurer Scott Morrison spoke with officials from states and territories across the country about the matter ahead of the 2017 budget.

Speaking to the Australian media, Morrison said an agreement had been reached to “move forward to prepare a proposal for a nationally consistent approach to point of consumption tax on online gaming”.

However, Morrison said that such a move would not be “about raising revenue for revenue’s sake”, but instead minimising gambling-related harm for consumers and national sporting bodies.

Morrison did not set a date for when the new laws might come into effect, adding that the country’s state and territory governments need to examine the matter further. read more at igamingbusiness.com

 

 

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