By Thomsun Trading Establishment | 23 ,May 20
Online poker and betting could be decisive for the stabilization of the Polish economy
To establish spheres of economy the Government of Poland was recommended to make the online poker and betting more attractive to offshore operators. It is known that too rigid taxation led to a reduction in investment.
At the same time, according to the ruling party “Law and Justice» (PiS), the level of GDP in Poland for the period 2016-2018 rose by 4.3%. Of the Polish Chamber of Commerce published the entertainment industry (PIGBRIB) on gambling report, it became known that the National Conservative Party raised the tax on gambling to 12% in 2016. Taxation applied to the whole process. This rate is much higher than, for example, in the UK, where we have introduced income tax to 21%.
Changes in 2016 made the state-owned operator Totalizator Sportowy sole supplier of games in online casinos, thus providing him the right to a monopoly.
In PIGBRIB report besides lowering the rate to 20% of GGR, also provides the following changes:
Creating oversight unit, whose functions will include the licensing and regulation of Polish operators offering poker and other types of gambling.
development of legislation, based on the economic benefits.
Establishing a balance between public and private operators offering online poker and betting.
Development of a new gaming policy with the wishes of the consumer.
In addition to reducing the tax rate, the most significant change is the elimination of “gray” areas. It is known that operating in Poland since 2011 Gambling Act prohibits online poker, but allows the casino games and sports betting on the four state-sanctioned sites.
By the way, according to a major bookmaker RF-scale sporting events can be disrupted due to the coronavirus.
The EU has also long been pushing its member states to a policy of “open doors”, according to which the Polish players can use any of the EU website. However, given the principle of the supremacy of EU law over national law, the government loses revenue offshore operators. In this regard, the report PIGBRIB also said about the need to create a new legal framework for the conduct of business ground.
At the same time last year, economists Eshek Balcerowicz and Alexander Lashek pointed out that despite the recent growth, the economy is not stable. States that the increase was due to external factors such as GDP growth in other EU countries, and is not associated with domestic politics.
Analysts from DLA Piper Global confident that due to the high taxes and the shadow market of Poland lost 155 million US dollars in tax revenue. PIGBRIB intends to change the situation by attracting operators and industry players in the poker games and betting.
Recall from 2021 th in Uzbekistan bookmakers begin legal activities.
Read also: Some facts about the gambling market in Poland
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