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A Taxing Scheme for Spain

The Bwin online casino gambling group has a direct interest in the Spanish gambling market in Spain, but even that obvious interest was put on the back burner last week as the company proposed some gambling standards and regulations for Spain. With pressure from the European Commission to operate in compliance with EU principles and policies, the opening of the Spanish gambling market could prove a bit of a lengthy process. Just last week the Gaming Executive Summit in Madrid brought together top executives from some of the major international online casinos and poker gambling companies and gambling regulations for Spain were on the agenda for discussion.

Interestingly enough, the Regulatory and Affairs Director at the Bwin online casino gambling company, Karin Klein, presented a set of drafted and suggested regulations and standards for Spain. As the Spanish government considers expanding the gambling market to include online casinos and poker gambling sites, companies like Bwin are interested making sure that the government implements comprehensive and responsible regulations.

The possible taxation structure for the Spanish gambling market is a big concern – none of the online casinos and gambling companies want to face double taxation on gambling earnings from both the EU and the individual member states. For that reason, Bwin’s proposed and suggested regulations take into consider a wide range of recent information released for the internet gambling industry. The current EU taxing structure is one major consideration, as well as the GAP standards and requirements released by the EGBA and eCOGRA. Additionally taken into consideration are the policies and procedures that are highly effective in other nations, like the UK’s effective regulations.