Taxes Creating Online Gambling Mass Exodus Down Under

Published Saturday, September 09, 2017 - Online-Casinos.com
Taxes Creating Online Gambling Mass Exodus Down Under

Some jurisdictions are a hard nut to crack for international online gambling operators trying to expand and stay legitimate. Australian politics has always played a part in the business of gambling with the current government doing its best to regulate the activity. The result of the recent reconfiguring of regulations in Australia is a number of gambling companies have exited the country.

 It has been suggested the rule and tax change is causing a massive exodus which will leave Australian players without a chance to play in a relatively safe online gambling environment. The announcement that yet another company will close its virtual doors to Australian punters comes as no surprise to anyone that has been observing the conflict between the operators and the tax man especially in Western Australia. The nation’s new gambling regulatory framework is being implemented with the approval of the Australian Senate.

Malta, Tel Aviv, London, Stockholm based and licensed by the Malta Gaming Authority, the UK Gambling Commission, and Curacao, Codeta, an online casino brand that offers live table games, and other gaming options, as well has joined the ranks of companies leaving the jurisdiction come September 15, 2017.

Among the other big online gambling operations there will be little legal companies left for players to access. Western Australian legislators have recently said that they will introduce a 15% Point of Consumption tax on operators that hold a license to offer products to local gamblers. The same tax is also applied in South Australia as of July. Operators in the United Kingdom are also taxed based on the point of consumption.  

It is no wonder international online betting concerns are going elsewhere with the Point of Consumption tax  Western Australia is one of the world’s most expensive regulated jurisdictions to operate in. Western Australia focused operators will contribute almost 40% of their revenue from the local market to the government.

 

 

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