By Euro Weekly News Media • 24 September 2014 • 8:19
The High Court of Justice, London -
GIBRALTAR’S gambling and gaming businesses have challenged a new remote tax law which the gaming industry views as ‘unlawful.’ The tax would see a ‘point of consumption’ policy introduced when taxing gambling businesses, which would result in a steep increase in the amount of tax paid by Gibraltar’s mainly online gaming sector.
Gibraltar’s gaming companies are planning to seek a ruling in the UK’s High Court of Justice in London against the tax, which they view as a movement against competition in the sector thinly disguised in a veil of ‘consumer protection.’
QC Lord Pannick will be representing Gibraltar’s interests in the High Court, and the case to be presented is believed to focus on the implications such a tax could have for the constitutional relations between the UK and Gibraltar.
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