Connect with us

Foreign

EU Commission probes German casinos’ special tax treatment

Published

on

Tax

Brussels, Dec. 9, 2019 The European Commission has opened an investigation into special tax rules that apply to German casino operators, it said on Monday, after receiving complaints from competitors arguing that these constitute an unfair benefit.

German public casino operators do not have to pay regular taxes such as corporate, income and trade taxes, but are instead subject to a special tax regime, according to the commission.

It said it has received “several complaints” from companies in the gambling sector relating to aspects of this special tax regime, as well as an alleged guarantee ensuring that public casino operators remain profitable.

The investigation aims at clarifying whether public casinos are receiving an unjustified economic advantage, the commission added.

It acts as the EU competition watchdog.

In a separate inquiry, the commission will also follow up on complaints relating to public casino operators in the German state of North Rhine Westphalia, it said.

According to the complaints, the casino operators in question benefited from annual loss compensation payments as well as a capital injection in 2015 by the state of North Rhine Westphalia, giving them an undue advantage.

Edited by: Fatima Sule/Ali Baba-Inuwa
(NAN)

Contact US: editor@nnn.com.ng, nnnnews247@gmail.com

Recent Posts

January 2020
MTWTFSS
« Dec
12345
6789101112
13141516171819
20212223242526
2728293031

NNN News Nigeria: NNN is an online Nigeria news portal that publishes breaking news in politics, business, entertainment, sport, security, features, opinion, environment, education, technology, and the world news at large. NNN publishes only news that is factual, credible, verifiable, authoritative and investigative. NNN is a media subscriber of the News Agency of Nigeria. NNN is a unique media organization that is founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favor. Contact: editor@nnn.com.ng

© 2014 - 2019 NNN News Nigeria. All Rights Reserved.

editor@nnn.com.ng