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Monday, March 4, 2024

BOS all over again advises towards Swedish Government’s playing tax rise

OnlineBOS all over again advises towards Swedish Government's playing tax rise

The Swedish Trade Association for Online Gambling (BOS) has rejected new plans from the Government to elevate taxes on playing.

The Increase in Gambling Tax Memorandum proposes tax hikes on playing from 18% to 22% from 1 July 2024.

Gustaf Hoffstedt, BOS Secretary General, said: “BOS believes that the notion for a tax growth is in battle with all the Government’s said dreams for the playing marketplace.

“It is hooked up with the reality that the implementation of a tax growth on playing will result in decreased channelisation withinside the Swedish regulated playing marketplace; some thing this is additionally expressed with the aid of using numerous different reference bodies, together with the Swedish Gambling Authority.

“In contrast, the unlicensed and now no longer every now and then unlawful playing marketplace in Sweden will benefit marketplace percentage if the notion to elevate the playing tax is implemented.”

Sweden’s Government had at the beginning set a 10% goal for unlawful playing, even though BOS expects this to develop in mild of the brand new tax plans.

This might suggest that 90% of all playing might be carried out via criminal and controlled operators.

However, BOS claims that during March of this year, this had already fallen to 77% for aggressive playing overall, and to 72% for on line casinos in particular.

Hoffstedt continued: “Copenhagen’s Economics record provides an most excellent variety for the country to live within, 15-20%.

“A tax fee above 20% method misplaced channelisation, however additionally withinside the long time decreased tax revenue, according with a conventional Laffer curve.

“There isn’t anyt any purpose to accept as true with that the country can now, in comparison to the years earlier than the Swedish reregulation of the playing marketplace, be capable of deviate from the provided tax variety with out unfavourable the certified marketplace.”

Hoffstedt seemed at the Huddle returned in October after information of the proposed tax release first broke.

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