Lowtax Features Tagged 'gambling'
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30 Jan, 2015
As one of the first British dependent territories to develop tax-exempt corporate forms, Gibraltar has a long history as an offshore financial centre, with the focus initially on the traditional forms of offshore business like company...
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29 May, 2014
In March 2014, the European Parliament approved draft legislation for a Fourth European Union Anti-Money Laundering Directive. The proposals represent the EUs response to changes made to the Financial Action Task Force (FATF) Recommendations in 2012 and a review by the European Commission of the existing Third Money Laundering Directive, 2005. The key features of the proposed new directive are summarised here.
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10 Oct, 2013
A year has passed since we last wrote on the e-gaming dispute between Antigua and Barbuda and the United States, and for the tiny Caribbean jurisdiction it has been another year of frustration. Yet Antigua is not giving up the fight, and this special report provides an update on the current status of this 'David versus Goliath' struggle.
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15 Jul, 2013
In the search to find the most suitable offshore base for e-commerce or e-gaming operations, the island of Jersey is often overlooked in preference to neighbouring Channel Island Guernsey or fellow UK Crown Dependency the Isle of Man, both of which are at the forefront of the remote gaming industry. All this might be about to change however, as the Jersey Government begins to put in place the necessary ingredients to allow the industry to grow.
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16 Apr, 2013
Located in the Irish Sea between the North West of England and Northern Ireland, the Isle of Man's economy rests solidly on the provision of offshore financial services to wealthy individuals and multinational corporations in a low-tax environment. However, e-commerce, and in particular e-gaming, has quickly grown to become the second pillar of the island's economy.
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08 Jan, 2013
Major changes to the regulation of the gambling industry in the United Kingdom were brought about by the Gambling Act in 2007, and this report examines how yet more proposed changes to the legislation will affect remote gambling and gaming firms offering their services to British gamblers.
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22 Oct, 2012
With flexible and responsive regulatory systems and low or zero rates of taxation, it is not surprising that the internet gaming industry has a found its home offshore. Those jurisdictions which have invested in an appropriate legal framework and advanced telecommunications infrastructure have generally reaped the benefits of the rapid growth in this sector over the last decade. The tiny Caribbean territory of Antigua and Barbuda, and the Mediterranean island of Malta, a member of the European Union (EU), are two such jurisdictions. However, legislative and regulatory developments in the United States and the EU have put the very existence of the internet gambling industry in these places under threat, with disastrous economic consequences, actual in the first case and potential in the second.
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27 Jul, 2012
National tax systems, which have traditionally rested on the principles of jurisdiction and physical presence, have been slow to adapt to the nimble and borderless world of e-commerce, especially of the offshore variety. However, driven by the need to raise ever greater sums in tax revenue, this is a situation that is beginning to change.
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