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New On The Lowtax Network Today
This feed is published daily with selected new or updated
content from across the Lowtax Network. For a list of Lowtax Network
sites, many of which feature daily news, see
below. |
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| TODAY 12/03: Lowtax
Costa Rica, annual update |
| 11/03 Estonia
Summary PBTG Guide, added to Personal Business Tax Guide |
| 10/03 Lowtax
Labuan, annual update |
| 09/03 Word
Search Puzzle, on Lowtax |
| 08/03 Jobs
For All,
Jeremy Hetherington-Gore blog |
| 05/03 Belgium
Summary PBTG Guide,
added to Personal Business Tax Guide |
| 04/03 New
Lowtax Editor Column,
by Kitty Miv |
03/03  Personal
Business Tax Guide, PBTG, has launched!
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| Providing essential tax news and information
for globally mobile artists, contractors, entrepreneurs, professionals,
small businesses, sportspersons and entertainers. |
| 02/03 Personal
Equity Investment In 2010: Not Just For Expats…, Investors Offshore special feature
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| 24/02 Lowtax
Cyprus, annual update
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| 22/02 Lowtax
Brunei, annual update
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| 17/02 Dubai
- A Stately Business Dome Decreed, Investors Offshore special feature
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| 15/02 Lowtax
Australia,
major content expansion
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| 27/01 Lowtax
Germany, major content expansion
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| Lowtax Network Sites |
| Lowtax 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. |
| 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. |
| NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers. |
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| UK Proposes New Licensing Regime For Overseas Online Gambling Firms |
by Robin Pilgrim, LawAndTax-News.com, London
Friday, January 08, 2010
UK Sports Minister Gerry Sutcliffe wants to bring in new licence requirements for overseas-based online gambling firms who want to have a customer base in Britain. This would help to broaden the tax base of gambling activities.
The plans, which will be subject to a consultation period, would mean that online operators currently licensed outside the UK will have to apply for a licence from the Gambling Commission if they want to advertise or provide their gambling services to British consumers.
Under the plans, all online gambling firms active in the British market will have an obligation to share information about suspicious betting patterns with the UK’s sports governing bodies as well as the Gambling Commission.
They will also have to comply with British licence requirements including the protection of children and vulnerable people, and will have to demonstrate how they will contribute to the research, education and treatment of problem gambling in Britain.
The 'whitelisting' system will remain a fundamental part of any future regulatory system. ‘Whitelist’ countries currently include Antigua and Barbuda, Tasmania, the States of Alderney and the Isle of Man, all of whose regulatory frameworks have been assessed before being granted permission to advertise their services in the UK. Gibraltar and Malta come under the EU umbrella: in setting up the current system, the government was not able to discriminate against other EU member states, so that gaming operations based there gained automatic entry to the British market. But such firms are not directly licensed by the Gambling Commission, and it is this that the government now says it wants to correct.
The proposals follow a review of the system of online gambling regulation in Great Britain, focusing on consumer protection and ways to ensure that overseas operators contribute towards regulation, problem gambling treatment and the Horserace Betting Levy.
The review has looked in some detail at the way the system currently works, as well as exploring the significant regulatory changes taking place in Europe and beyond.
The Government is still investigating ways to secure fair contributions from overseas operators to the Horserace Betting Levy.
Gerry Sutcliffe explained that:
"British gamblers form one of the largest customer bases for online gambling in the EU. Yet, for many reasons, increasingly few companies active in the British market are now regulated by the (UK Gambling) Commission"
“This is about making sure overseas firms contribute their fair share towards regulatory costs and vital services like problem gambling treatment."
“In terms of the Horserace Betting Levy, I remain firmly of the view that all operators taking bets on British races should pay their fair share. There is more to do but I am committed to making sure this happens."
“The new system outlined today will also ensure that all businesses offering online gambling to our consumers adhere to our rules – not someone else’s. The Gambling Act is already one of the best regulatory frameworks in the world and these changes will ensure that it sets the standard for all online gambling companies that target British consumers."
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
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