Bill to tax gambling winnings wins approval in state House The state House voted 90-2, with one present to approve HB1703. (Source: ABC/NBC) By Region 8 Newsdesk | March 11, 2021 at 5:42 PM CST - Updated March 18 at 4:48 PM
LITTLE ROCK, Ark. (KAIT) - A bill that would require that casinos report gambling winnings to the Arkansas Department of Finance and Administration and withhold state income tax on the winnings cleared the House Thursday.
Also, DFA would be required to provide a method for casinos to report and pay the taxes to the state treasury.
DFA also reported this week that the bill would have no impact on the state’s revenue while the bill would link up the bill with a federal law on the issue.
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Pascal Saint-Amans, director of the OECD s Centre for Tax Policy Administration (OECD)
The first day of the OECD s consultation may be over, but there is still a lot to discuss. The OECD will be hosting a day of consultation on its pillar two blueprint on January 15.
The next step for the Paris-based organisation is the G20/Inclusive Framework meeting on January 27-29. Yet there is just six months left to reach a final agreement.
Finishing at 16.30:
The Inclusive Framework (IF) still has to find enough common ground to support a final draft. Many countries have an idea of what they would like to do with pillar one, says Martin Kreienbaum, chair of the Inclusive Framework.