Update: Spain Taxation Still Over The Top

Gambling reform welcomed, excessive taxation dangerous, says AEDAPI

Despite the fact that it welcomed this week’s passage of the gambling reform bill in the Congress of Deputies, the Spanish gambling trade association AEDAPI also warned that too high tax rates envisaged by this bill could result in rather negative consequences.

According to the Association, the bill brings both benefits to nation as well as operators, but it also triggers concern due to the extremely high tax rate of 25 percent of net income, which is one of the highest in Europe and may prevent operators from being successful participants in the competitive market.

It was also added that, based on several recent independent studies, excessive taxation actually leads to a reduction in the amount of taxes collectable once a tipping point was reached, and that tipping point had been exceeded in the bill.

All News Categories

Most Viewed Articles

See all

Related News

Join today and start earning rewards

You will immediately get full access to our online casino forum/chat plus receive our newsletter with news & exclusive bonuses every month.
S logo

Report to moderator

Use this function to inform the moderators and administrator of an abusive or wrongly posted message.

Please note that your email address will be revealed to the moderators if you use this

Select Language
Search
Search Results
39012170