 |
|
|
 |
|
| |
|
| Lowtax Network Sites |
| Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail. |
| Tax News: Global
tax news, continuously updated through the day. |
| Investors Offshore:
The independent offshore and alternative investment guide for expatriates
and the globally aware investor. Sponsored by HSBC
Bank International. |
| Law & Tax
News: Daily news and background data on tax and legal developments
for international business. |
| Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation. |
| Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources. |
| US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax. |
| Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
| Offshore Trusts
Guide: OTG publishes news, features and newsletters on the use of
offshore trust structures. |
| TreatyPro: Online
tax treaty resource. |
|
|
| Betfair To Remain In Tasmania After Tax Break Deal |
by Mary Swire, Tax-News.com, Hong Kong
Wednesday, February 24, 2010
Following discussions that began last year after the Tasmanian government changed
its taxation of on-line gamblers, Betfair has now reached an agreement with
the government to maintain its presence on the island.
Last October, the Tasmanian government abolished its 15% gambling tax for on-line
bookmakers, in favour of a flat annual license fee of only AUD250,000 (USD225,000).
This led Betfair, who would have still paid the original tax based on turnover,
to look at its options off the island.
At that time, Betfair appeared to say it would require a level playing field
with other operators if it was to stay, while the island’s government
said that it was confident that an arrangement could be made to ensure that
its association with Betfair would continue long into the future.
It is now reported, however that the Tasmanian government has made a ten year
deal, with tax incentives, to convince Betfair to maintain its operations, with
over 130 jobs, in the state. The government has said that the agreement, which may reduce the tax on betting
exchanges to 5% amongst other conditions, will reduce the state’s taxes
by some AUD2m over the next two years.
The agreement with Betfair will not be able to be ratified until after the
state parliamentary elections that are to be held next month.
A comprehensive report in our Intelligence Report series
examining the new possibilities that offshore e-commerce open up for business,
and analysing the offshore jurisdictions that have led the way in offering professional
e-commerce regimes for international business, with a particular focus on e-gaming,
is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp
and a description of the report can be seen at
http://www.lowtaxlibrary.com/asp/description_report6.asp
|
|
|
|
| THE LOWTAX LIBRARY
One of the web's largest and
most authoritative business and investment information sources. Alongside
topical, daily news on worldwide
tax developments, you can receive weekly newswires or
access up-to-date intelligence
reports on a range of legal, tax and investment subjects.
FREE TRIAL NEWS SUBSCRIPTION
Our 16 constantly updated
intelligence reports cover every important aspect of 'offshore' and international
tax-planning in depth, including banking secrecy, the EU's savings tax
directive, offshore funds, e-commerce, offshore gaming and transfer pricing.
Reports are available for immediate downloading or as subscription
services with news pages.
|
|
 |
|
LAWANDTAX-NEWS.COM
