May 5, 2021
The European Gaming and Betting Association (EGBA) yesterday issued a statement in which it warned officials in Germany against implementing a proposed 5.3% federal tax on all online poker and slot stakes.
The Brussels-headquartered trade group detailed that the proposition from the German Bundesrat would breach European Union laws on state aid and additionally undermine the objectives of the country’s New State Treaty on Gambling, which is set to inaugurate a completely new licensing, regulatory and taxation regime for land-based and online gaming operations.
Unplanned upshot:
EGBA moreover stated that the suggested tax could furthermore have the unintended consequence of