RGA Reminds Montenegro Regulators To Think Twice

Published Friday, February 27, 2015 - Online-Casinos.com
RGA Reminds Montenegro Regulators To Think Twice

The internet has given the world online gambling and the resources to read the changes associated with the industry. It is interesting that because of the international aspects of gambling online that punters can become informed about the consequences of regulations imposed by governments on the activity.

The Remote Gambling Association is a group that seeks the facts on various jurisdictional regulations and how those rules affect gamblers. Recent comments by the RGA expressed at a press conference in Montenegro fuel the ever growing outcry for fair and equitable policies on taxation regarding the business of supplying online gambling services.

The perspective on Montenegro's proposed online gambling regulation by the Association is critical of the excessive taxes to be imposed on local licensees. Concerns were raised that gamblers in Montenegro  will look for offshore and unlicensed operators to bypass the expense.

The Remote Gambling Association has sited other jurisdictions where excessive tax regimes have resulted in punters going to illegal betting locations and thus derailing the government’s attempts to gain revenue in the form of taxes and licensing fees. The group explains that there is a fine line that operators follow and when taxes are too high they can’t effectively compete in the gambling services market leading to more illegal activity and less choice for the gambling public.

At this time over half of Montenegro’s gambling operators are unlicensed, resulting in a diminished revenue stream for the government. The RGA has suggested a formula for taxation on betting services that creates a suitable environment for operators in which there is room for competition and stable growth instead of limited potential at great risk and cost.

The RGA has seen this situation many times before and is calling on the regulators of Montenegro’s gambling industry to be practical and use common sense when formulating taxation policy for online gambling legislation.

 

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