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Spain online gaming companies bemoan unfair taxes

Mon 28th Jan 2013
Spain online gaming companies bemoan unfair taxes

Many of Spain's 53 licensed online gaming operators are considering a move away from the country in the face of falling profits and increasing taxes.

A tax of 25% on gross gambling revenues is limiting the profits of on-shore gambling operators who hold an internet wagering licence from Spain's gambling authority.

Eduardo Antoja, President of the group representing the country's land-based gambling firms called the the 25 % tax "uncompetitive" compared to the 15% tax proposed in the U.K. - even then companies are trying to reduce this to 10% to be competetive, he complained.

However, the Spanish government are not interested in any compromise here, and are continuing their regime of high taxes and a highly regulated market. Before so much as granting licenses to operators the Spanish authorities required operators to pay 4 years worth of back taxes in advance in order to qualify for the licence.

Spain is battling to improve the €140m in online gambling tax revenue it collected in 2012 by adding an further €20m to revenues in 2013.

Regulators can however allow the resale of licenses by authorized Spanish subsidiaries.