Sun International on Tuesday slammed a new gambling proposal by Treasury saying [it] will make the industry one of the highest taxed gambling industries in the world and destabilize the legal gambling industry.
It also said customers will shift to offshore platforms and receive less protection, which directly contradicts the proposed regulatory intent.
This after Treasury on Tuesday released a discussion paper titled “The Case for a National Online Gambling Tax”, reveals that government is weighing the introduction of a 20% national levy on gross gambling revenue (GGR) from online betting and any future interactive gambling activities.
This would be imposed in addition to existing provincial gambling taxes, potentially lifting the combined tax burden on operators to between 26% and 29%.
