The details on the consultation regarding the proposed new gambling law to be launched in the second half of the year were announced by the Swiss Federal Administration.
The amendments refer, among other things, to abolishing the existing ban on internet casinos and regulating the industry so that the Swiss Federal Council can utilize tax revenues originating from licenced online operations to fund cultural, sporting and social initiatives.
According to the Administration, the Federal Department of Justice and Police works hand in hand with the 26 federal states, industry connoisseurs and gambling addiction professionals to draft a law ensuring that internet gambling would be "legalised and subject to the same regulatory conditions as the traditional offer".
Furthermore, the local Administration announced leveling taxation on lottery and wagering gains in order to exempt betting gains from taxation, as the measure is currently applicable only to casino gains.
LuckyRJ
11 years ago
"wagering gains in order to exempt betting gains from taxation, as the measure is currently applicable only to casino gains." So i wonder if that means wagering will now be impossible to do on Swiss online casinos lol, cos if there is tax on wagering, then that will mean players will not be able to wager as much, so if...
"wagering gains in order to exempt betting gains from taxation, as the measure is currently applicable only to casino gains." So i wonder if that means wagering will now be impossible to do on Swiss online casinos lol, cos if there is tax on wagering, then that will mean players will not be able to wager as much, so if this is the case, that would scare me even more to even play at casinos based in those country's :P LuckyRJ
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