Online Gambling Reps Say New French Tax Unfair

Published Tuesday, July 02, 2013 - Online-Casinos.com
Online Gambling Reps Say New French Tax Unfair

The European Union has many issues facing its parliament most of which are concerned with counties that are suffering huge deficits in the economies. The recent austerity programs brought about in close to bankrupt member states has caused organized protests and rebellion that further degrades the economies of the affected nations.

It has been rumoured that France is also close to the edge of financial ruin and is seeking every method it can to preserve the integrity of the county’s economy. The generation of funds from the introduction of legalized online gambling in France has helped somewhat after the European Commission approved the liberalization of internet wagering there. The French proposal to impose an extra tax on online horse-race betting in order to finance horse-racing companies has prompted a negative response from the Remote Gambling Association and the European Gaming and Betting Association.

The European Commission has approved the proposal to impose an additional tax of 8% on all online horse-race betting. The French authority said the revenues from this extra tax will go to finance a service to improve and promote the horse-breeding industry in France. The Commission began investigating the proposal back in 2010,and has finally deciding that the French proposition is compatible with its own regulations. The Commission’s position on the issue was that by sharing the financial responsibility among the operators, the measure would allow for fair competition in the online horse-race wagering market.

Representing the gambling entities that operate legally in France the Remote Gambling Association and the European Gaming and Betting Association are adamant about their objections to the new tax. The organizations released a joint press release that mentions their "concern" about the European Commission’s approval of the French plan. The groups noted that levies or parts of levies can only be justifiable if they truly serve common interest objectives. They claim that by transferring funds from one industry to another a distorted playing field will be created between other gambling sectors and other union members.

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