Tag: Remote Gambling Association
Remote Gambling Association questions European Parliament’s online gaming stance
iGaming Business – Online gambling trade organisation the Remote Gambling Association (RGA) is “disappointed” at the European Parliament’s decision to single out internet gambling in a new Anti-Money Laundering Directive (AMLD). The European Parliament recently announced that it would adopt amendments to the European Commission’s proposal for a new AMLD. While the RGA said it “strongly supports” the objectives of the Directive, it is disappointed that online gambling has been identify as the one form of gambling where due diligence measures might have to be applied to all customers as soon as a business relationship is established. The association said…
RGA calls for online gambling tax re-think
iGaming Business – The UK’s Remote Gambling Association (RGA) has called for Britain’s online gambling tax proposals to be changed following a report by financial services firm KPMG. In its 2012 Budget, the UK government announced plans to tax online gambling on a “place of consumption” basis, and last month the government confirmed that it intends to impose a 15% tax rate on online betting companies that target customers in the country but are based in offshore tax havens. However, according to the RGA, which commissioned the study, the KPMG report found that the proposed tax is “likely to fail…