Wednesday, June 6, 2018

Bahamas government targets gaming houses with major tax hike

The Bahamas government is proposing to significantly increase the tax rate paid by internet gaming houses in a move that has been attacked as "draconian" by the country's gambling industry.

The government of Prime Minister Hubert Minnis aims to raise the tax on establishments that offer online gaming from the current rate of 11 per cent of gross gaming revenue (GGR) to a new rate of between 20 to 50 per cent of GGR.  Read more >>