PHILIPPINE REGULATOR FREEZES ISSUING OF ONLINE GAMING LICENSES
5 JULY 2016 - WRITTEN BY TOM LEWIS
The Philippine Amusement and Gaming Corporation (Pagcor), the Philippine gaming regulator, is temporarily halting the processing and issuance of all online gambling license applications.
The move follows ...
British gamblers lost a record £12.6bn last year
By Rob Davies
Online betting accounts for a third of the losses, and a record £1.7bn was gambled away on fixed-odds betting terminalsBritish gamblers lost a record £12.6bn last year as bookmakers took more money than ever from fixed-odds betting terminals ...
Advisers jailed for £100m tax fraud
By FR Adviser / By Damian Fantato
Four men have been jailed for a fraud disguised as a tax avoidance scheme intended to defraud HM Revenue & Customs of £100m.
An investigation by HMRC found the men falsely inflated the expenses of their film productions ...
South Australia to introduce new gambling tax
By Tom Lewis
The state government of South Australia has announced a new place of consumption tax to be levied on betting companies offering services in the state.
To be included in next month’s state budget and commenced from 1 July 2017, the 15% tax is...
Ireland and Apple Brace for the Worst as Tax Endgame Nears
By Bloomberg / DaraDoy Stephanie Bodoni
While Europe and global financial markets are consumed by the prospect of Brexit, business rolls on in Brussels.
Near the top of the agenda for investors continues to be the European ...