GBGA Takes on UK Gambling Bill Point of Consumption Tax

GBGA Takes on UK Gambling Bill Point of Consumption Tax

Scales of Justice: The GBGA launches an extra legal challenge, this time up against the point of consumption income tax.

The Gibraltar Betting and Gaming Association (GBGA) has launched a 2nd challenge to the new UK Gambling Bill, AKA the Gambling (Licensing & Advertising) Act, having seen its initial challenge dumped of London High Court earlier into the month.

While the company’s first challenge contested the Act it self, the new interest in a judicial review focuses solely regarding the brand new point of consumption income tax, which, as being a income tax issue instead than a certification problem, has been going right on through separate legal procedures.

The point of consumption tax will introduce a 15 per cent duty on all gambling operators that want to interact utilizing the Uk market, most of whom must be certified and regulated in the UK.

Once again, the GBGA will argue that the legislation is unlawful and that the idea of consumption tax breaches Article 56 of the Treaty in the Functioning of the European Union, which deals utilizing the movement that is free of across borders between EU member states.

Rogue Operators

‘This tax is a restriction on the conditions of solutions,’ stated the GBGA. ‘There are no comparable precedents regarding the UK federal Government seeking to tax entities abroad in respect of the supply of services into the united kingdom without going right on through the appropr Continue reading “GBGA Takes on UK Gambling Bill Point of Consumption Tax”

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future

Carl Icahn accuses New Jersey State Senate President Stephen Sweeney of attempting to sell out Atlantic City by supporting a north Jersey casino.

Business mogul Carl Icahn and nj-new Jersey State Senate President Stephen Sweeney exchanged harsh terms last Friday, with each accusing the other of selling out some portion of Atlantic City for their own gain. The war of words started after Sweeney participated in protests with union workers from the Trump Taj Mahal, protests of which Icahn proved to be always a target that is major.

As we reported earlier this week, those protests were designed to react against a Trump Entertainment want to bust out of the contract and cut pensions and benefits for workers so that you can cut costs and keep the casino open.

The business claims that the casino will have to close on November 13 unless numerous concessions are granted to it, including the cutbacks in worker benefits and $25 million in aid from their state, along with a reduced taxation assessment.

Workers Blame Icahn

But Icahn proved to be a figure that is major the protests. The protesters demonstrated near the Tropicana, that is owned by a group led by Icahn, and many see him as the real threat to the huge benefits and wages offered by their current positions. In bankruptcy court, Trump Entertainment has required permission to turn its venue over to Icahn by transforming the financial obligation he hold Continue reading “Carl Icahn, Stephen Sweeney Go At It Over Atlantic City’s Gambling Future”