Increased Taxes for Online Casino

Recently it was announced that from January next year, the British authorities in Gibraltar plan to increase taxes for anyone involved in online material. Seriously, is expected to increase from 1 to 10 percent, which will put online the company with other companies in Gibraltar. It should be noted that due to the low tax rates in Gibraltar have moved their headquarters to many gambling sites.

As stated by Peter Carina, Gibraltar's head, this is done in order to harmonize the laws of the region in line with European legislation. The Government plans to retain a competitive model of the economy.

We all know what led banning gambling in Russia and many other countries, it is not surprising, therefore, that Gibraltar, like many civilized States, use this fun for the good of the country.

Despite the statement on raising tax rates, gaming Giants have been reluctant to leave Gibraltar, because even after the taxes there would remain much lower than in most other countries. In addition, online casino owners will still be spared from having to pay VAT (value added tax)

In conclusion, we note that the online industry provides jobs for 12% of the working population and unemployment in Gibraltar is much lower than in neighboring Spain.