|
PokerPages > Poker News > Poker News
Poker News - Poker News
Search News:
UK Tax for Online Poker & Online Gambling Announcement Expected TodayWed, Mar 21st, 2007 @ 12:00am UK Chancellor of the Exchequer Gordon Brown is expected to use his last Budget speech today to introduce a new gaming tax for online poker and online gaming companies. The U.K. Gambling Act, which was approved in 2005 and will begin September 2007, will extend Internet licenses to online poker and online gaming companies, adding to the bookmakers which it currently licenses. In an attempt to tap into online revenues, Brown may include fiscal incentives in the 2007 budget for offshore operators to become legitimized in the U.K. through licensing and paying license fees. "The levy is likely to be set relatively low and be payable on the profits that offshore gaming companies make from their UK customers" the UK Independent reported. The online gambling industry has been calling for the introduction of a UK gaming license. Companies would pay a fee to offer services to punters and would also pay a tax on profits derived in the UK. A senior figure at one online gaming group said chances any corporate tax incentive would lure them into locating in the U.K. was remote, and that they will remain offshore and seek to pay only a UK license fee. The UK Independent quoted the senior figure as saying, "The notion that we will move to the UK, uproot all our people and pay corporation tax is daft. A licence fee makes more sense." The Chancellor is being urged to make the Budget as corporate friendly as possible. John Cridland, deputy director-general of the CBI, called for "an acknowledgement that the business tax burden has crept much too high". Read Related Articles:
More Poker News Articles
Fabrice Soulier Joins Everest Poker's Pro Roster To further strengthen its support for French poker in anticipation of the opening of that market, Everest Poker has signed renowned French poker pro Fabrice Soulier as its latest ambassador.
HHPT Co-Sponsors Bayou Poker Challenge Ladies Event Dec. 20 The HighHeelsPokerTour (HHPT), the first all women's poker tour launched on the East coast, will wrap up their 2009 schedule at Harrah's New Orleans on December 20th where they will co-sponsor the Ladies Event #14 no-limit Hold'em at 12 pm.
OPPAGA Reports on Florida's Online Poker Options Given that UIGEA permits individual states to regulate online poker, the Florida Legislature's Office of Program Policy Analysis and Government Accountability (OPPAGA) published a report this week presenting three options available to Florida State lawmakers in order to protect consumers from unlawful internet poker: regulate it, prohibit it, or carry on with the status quo pending federal legislation.
BC Poker Champion Arrested, Charged with Manslaughter Just two days after taking down the BC Poker Championships Main Event, Sophon Sek of Cloverdale, BC, was arrested in connection with one of the most storied crimes in the Province's history.
Local Businessman Bags European Poker Tour Vilamoura Bling The European Poker Tour rolled into the Casino Vilamoura last week, instantly generating the richest poker prize pool in the nation of Portugal's history.
Keikoan Captures Harvey's Lake Tahoe WSOPC Championship This week marked the finale of the biggest annual tournament series in Northern Nevada, the WSOP Circuit championship at Harvey's Lake Tahoe. While the Main Event saw only a modest turnout, it did boast of a tough final table, and a WSOP bracelet owner as the eventual champion.
WSOP Main Event Champ Joe Cada to Appear on Letterman The poker world will receive some late night attention tonight as "The Kid" Joe Cada, the youngest champion in the four decade history of the World Series of Poker Main Event, takes a seat next to embattled talk show host David Letterman.
First Korean Champ of Asia Pacific Poker Tour Crowned in Cebu Another stop on the Asia Pacific Poker Tour is in the books, this time it's the APPT Cebu in the Philippines, and for the very first time a Korean player has come out on top.
Pollack Done as Commish of World Series of Poker Just three days after crowning Joe Cada as the 2009 Main Event champion, officially closing the special 40th anniversary run of the World Series of Poker, Jeffrey Pollack has resigned his post as Commissioner of the WSOP.
Durrrr Signs as Team Full Tilt's Youngest Member Tom "durrrr" Dwan is the newest member of Team Full Tilt, the online site's highest level of affiliation. At 23, Dwan is the youngest of the now 14-person team. The high stakes cash phenomenon was nominated for induction this year into the Poker Hall of Fame until the Hall of Fame Governing Council decided he was too young to meet the "has stood the test of time" qualification. |
 Online Poker »
Poker News »
Blog Coverage
Top News
Fabrice Soulier Joins Everest Poker's...
HHPT Co-Sponsors Bayou Poker Challenge... BC Poker Champion Arrested, Charged with... Top Tournaments
|
Discuss this article in our forum
Print this article
All Poker and free play poker content ©2009 Advanced Global Applications, LLC. All rights reserved.
If you or someone you know has a gambling problem, visit either: National Council on Problem Gambling or Gamblers Anonymous International Service