European parliament online gambling in the internal market
European Parliament resolution on online gambling in the Internal Market European Parliament resolution on the integrity of online gambling ( kB) Links. The European Parliament today published its Report on online gambling in the Internal Market calling for a balanced and EU compliant approach when. European Parliament adopts online gambling resolution seeking greater harmonization of regulations while upholding right to bar market entry.
European Parliament report on online gambling
Believes that steps should be taken to bring national tax regimes for gambling services into line with one other in order to prevent disproportionate tax concessions from fostering a proliferation and concentration of online gambling services; Encourages the Member States to consider a ban on all forms of spot fixing, such as gambling on corner kicks, free kicks, throw-ins and yellow cards, as these has proven to be very vulnerable to match-fixing; Emphasises that solid registration and unambiguous verification systems are key tools in preventing any misuse of online gambling, such as money laundering; notes that, for such identity verification purposes, advantage can be taken of existing and developing online structures, such as online bank and credit-card verification systems; Detection and prevention of problem gambling and addiction This workshop discussed issues related to responsible on-line gambling, in particular the identification and better understanding of key characteristics that may lead to the development of problem gambling or addiction, as well as preventive measures including corporate social responsibility. Welcomes transnational education projects to combat match-fixing on a global level; Calls up the Commission to install a European alert system for betting regulators in order rapidly to exchange information about fixed sporting events;
Considers that, in order to ensure a high level of consumer protection, in particular for those consumers who are the most vulnerable, a fair and legal offer of gambling services defined by each Member State in compliance with Union law might diminish the social costs and harmful effects of gambling activities; 2.
Warns that gambling can lead to dangerous addiction, which is an issue that would need to be addressed in any legislative proposal for the sake of consumers; 3. Calls on the Commission and the Member States to take action against illegal gambling offered from within Member State territories; urges the Commission, in this regard, to call on the Member States to take enforcement measures against offers for illegal gambling in its planned recommendations on consumer protection and advertising; 4.
Believes that there is a dangerous link between severe economic hardship and high levels of gambling; stresses that the present, extremely harsh social and economic climate has been instrumental in the huge upsurge in gambling, in particular among the poorest sections of society, and that there is, therefore, a need for close, ongoing monitoring of levels of gambling addiction and problem gambling; 5. Insists that, regardless of the manner in which Member States decide to organise and regulate the offer of online gambling services at national level, a high level of protection of human health and consumers must be ensured; calls on the Commission to continue to explore measures at EU level to protect vulnerable consumers, including formalised cooperation between regulatory authorities in the Member States; stresses that the expert group should ensure that it is impossible for minors to access online gambling services; invites Member States to oblige operators working with a licence from the Member State to carry the logo, trustmark of the regulatory authority in a prominent fixed position on its website; 7.
Asks the Commission to study what can be done to stop the practice whereby companies based in one Member State market online-gambling services — for example via satellite-TV or advertisement campaigns — in another Member State in which they are not licensed to offer such services; 8. Calls for operators to be obliged to display clear, prominent and explicit warnings to minors stating that it is illegal for them to engage in online gambling; 9.
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As is often the case, federal and state governments single out casino winnings for unique taxes of their own. Here is what you need to know about reporting gambling winnings: How Much You Win Matters Gamblers are lucky in that casino taxes are not progressive like income taxes are.
Winnings in the following amounts must be reported: In most cases, the casino will take 25 percent off your winnings for the IRS before even paying you. W2-G forms are not required for winnings from table games such as blackjack, craps, baccarat, and roulette, regardless of the amount.
Note that this does not mean you are exempt from paying taxes or reporting the winnings. Any and all gambling winnings must be reported to the IRS. It only means that you do not have to fill out Form W2-G for these particular table-based games. Reporting Smaller Winnings Even if you do not win as much as the amounts above, you are still legally obligated to report. You also need to report any awards or prize money you won during the year in question.
Gambling income plus your job income and any other income equals your total income. Fortunately, you do not necessarily have to pay taxes on all your winnings. Instead, if you itemize, you can claim your losses up to the amount of your winnings. What About State Taxes? In addition to federal taxes payable to the IRS, many state governments tax gambling income as well. Each state has their own unique formulas and rules for gambling income, and some levy no gambling taxes at all.
Others charge a flat percentage, while still others ramp up the percentage owed depending on how much you won. TurboTax will ask you simple questions and give you the tax credits and deductions you are eligible for based on your answers. Get your maximum tax refund with TurboTax today.