This brief presentation of OSBI Consulting (OSBI stands for "Online Sports Betting Industry") was made in January 2011. By overviewing the French Sports Betting market, we highlight how OSBI can offer value added to its clients throughout the Globe.
The document is the 2014 European Casino Association (ECA) European Casino Industry Report. Some key points:
- It provides an overview of the European casino industry, including chapters written by ECA member countries.
- ECA has added chapters on new members Latvia and the UK and joined with the National Casino Forum to strengthen their influence.
- ECA represents close to €8bn industry with over 900 casinos and 70,000 employees in 25 European countries.
- Issues addressed include responsible gaming, challenges of online gambling, and fighting illegal online gambling operators.
Online gambling market research june 1, 2010 (1)danenright
This document provides a summary of online gambling market research conducted in 2010. It analyzes global online gambling trends, legal status by country, and primary research conducted in the UK, Australia/New Zealand, and Singapore. Some key findings include that online gambling revenues are expected to grow significantly worldwide between 2007-2012 despite the financial crisis. The UK leads in online gambling regulation while restrictions are expected to loosen in other countries. Asia is a fast-growing market for online gambling due to economic growth and gambling traditions, though legality varies across countries.
The global regulated sports betting market was worth $58 billion in 2012 and is forecast to reach $70 billion by 2016. Europe accounts for 41% of the global betting market, just ahead of Asia at 39%. While land-based betting remains most common, online betting represents over 30% of the total market. The unregulated betting sector, notably in Asia, is understood to be significantly larger than the regulated sector, with 70-85% of bets placed on football excluding horse racing. Commercial issues center around sports bodies seeking payments from regulated betting operators for use of sports data and control over betting markets. Integrity concerns also relate to match-fixing potentially increasing due to enhanced betting products.
George Osborne halved the bingo duty rate to 10% to revive the struggling bingo industry, but raised the duty on digital betting terminals from 20% to 25%, surprising bookmakers. Rank Group said the bingo duty cut would allow them to build new halls and save threatened venues. However, shares in William Hill, Ladbrokes, and other bookmakers fell due to the increased terminal duty, which Osborne said was justified as the machines had proliferated and were highly lucrative. Bookmakers face further tax increases as the horserace betting levy will be extended to offshore operators and a "racing right" consultation will ensure the industry continues funding horse racing.
Dr Sally Gainsbury
Post Doctoral Research Fellow, Southern Cross University
Presentation given on 23 May 2011 at "The New Game: Emerging technology and responsible gambling" forum hosted by the Victorian Government's Office of Gaming and Racing as part of Responsible Gambling Awareness Week 2011.
Problem Gambling Treatment; the future arrives!actsconz
Problem Gambling Treatment; the future arrives!
Presented by Dr Sean Sullivan, ABACUS Counselling Training and Supervision Ltd at the 2012 Cutting Edge Conference, Wellington, New Zealand.
Germany wants the robin hood tax – and europe's voters do too | stephany grif...ManfredNolte
The document summarizes the debate around implementing a financial transaction tax (FTT) in Europe. It argues that the tax will help reduce risky high-frequency trading and generate revenue, while having a negligible impact on long-term investors. Politicians should resist lobbying against the tax and implement it, as polls show most European citizens support it. Germany's upcoming government prioritizing the tax is a positive sign it will be adopted.
The document is the 2014 European Casino Association (ECA) European Casino Industry Report. Some key points:
- It provides an overview of the European casino industry, including chapters written by ECA member countries.
- ECA has added chapters on new members Latvia and the UK and joined with the National Casino Forum to strengthen their influence.
- ECA represents close to €8bn industry with over 900 casinos and 70,000 employees in 25 European countries.
- Issues addressed include responsible gaming, challenges of online gambling, and fighting illegal online gambling operators.
Online gambling market research june 1, 2010 (1)danenright
This document provides a summary of online gambling market research conducted in 2010. It analyzes global online gambling trends, legal status by country, and primary research conducted in the UK, Australia/New Zealand, and Singapore. Some key findings include that online gambling revenues are expected to grow significantly worldwide between 2007-2012 despite the financial crisis. The UK leads in online gambling regulation while restrictions are expected to loosen in other countries. Asia is a fast-growing market for online gambling due to economic growth and gambling traditions, though legality varies across countries.
The global regulated sports betting market was worth $58 billion in 2012 and is forecast to reach $70 billion by 2016. Europe accounts for 41% of the global betting market, just ahead of Asia at 39%. While land-based betting remains most common, online betting represents over 30% of the total market. The unregulated betting sector, notably in Asia, is understood to be significantly larger than the regulated sector, with 70-85% of bets placed on football excluding horse racing. Commercial issues center around sports bodies seeking payments from regulated betting operators for use of sports data and control over betting markets. Integrity concerns also relate to match-fixing potentially increasing due to enhanced betting products.
George Osborne halved the bingo duty rate to 10% to revive the struggling bingo industry, but raised the duty on digital betting terminals from 20% to 25%, surprising bookmakers. Rank Group said the bingo duty cut would allow them to build new halls and save threatened venues. However, shares in William Hill, Ladbrokes, and other bookmakers fell due to the increased terminal duty, which Osborne said was justified as the machines had proliferated and were highly lucrative. Bookmakers face further tax increases as the horserace betting levy will be extended to offshore operators and a "racing right" consultation will ensure the industry continues funding horse racing.
Dr Sally Gainsbury
Post Doctoral Research Fellow, Southern Cross University
Presentation given on 23 May 2011 at "The New Game: Emerging technology and responsible gambling" forum hosted by the Victorian Government's Office of Gaming and Racing as part of Responsible Gambling Awareness Week 2011.
Problem Gambling Treatment; the future arrives!actsconz
Problem Gambling Treatment; the future arrives!
Presented by Dr Sean Sullivan, ABACUS Counselling Training and Supervision Ltd at the 2012 Cutting Edge Conference, Wellington, New Zealand.
Germany wants the robin hood tax – and europe's voters do too | stephany grif...ManfredNolte
The document summarizes the debate around implementing a financial transaction tax (FTT) in Europe. It argues that the tax will help reduce risky high-frequency trading and generate revenue, while having a negligible impact on long-term investors. Politicians should resist lobbying against the tax and implement it, as polls show most European citizens support it. Germany's upcoming government prioritizing the tax is a positive sign it will be adopted.
Sample Report: Global Online Gambling and Betting Market 2015yStats.com
The document provides a summary of a research report on international markets for online gambling. It includes a table of contents outlining the various sections and chapters covering global, regional, and country-level analysis. At the country level, it examines markets for online gambling and betting in countries with regulated, partially regulated, and banned online gambling environments. Charts and data in the report provide statistics on topics like online gambling revenues, active user accounts, and market share by gaming segment. The document methodology explains the secondary research approach and outlines the key elements and order included in the report.
Online Gambling: Internet gambling is, generally a means of using the internet to place bets on casino games, sports games, etc. Bets are usually placed through credit card accounts and wins or losses are paid or collected accordingly
This document discusses regulating sports betting in India. It acknowledges that while sports betting is currently illegal in India, it exists and is a large underground market. Other countries like the UK regulate sports betting and use funds to support sports development. The document aims to provide a balanced perspective on whether India should effectively regulate sports betting to both generate funds for sports and prevent match-fixing, or continue criminalizing it. It examines different types of gambling, how laws have evolved internationally, and considerations for building an effective regulatory system. The conclusion proposes forming a committee to further explore regulating sports betting in India based on facts, existing laws, and constitutional provisions.
Financial transaction taxes: skimming the froth | the economistManfredNolte
The summary analyzes the early effects of France's 0.2% tax on stock transactions over 1 billion euros implemented in August 2012. According to analysts, French equity trading volumes dipped initially but recovered somewhat. However, trading activity in French equities across Europe fell 16% in the three months after the tax compared to prior months, a larger drop than other European stocks. Trading fell more for lower-capitalized stocks subject to the tax, while trading rose 19% for stocks not subject to it. This suggests the tax has negatively impacted mid-sized firms. Countries considering a financial transaction tax want to learn from France's experience but remain skeptical due to potential loopholes and negative historical experiences with such taxes.
Innoxcell - Due Diligence Presentation JFF 2016Julian Fenwick
This document discusses effective compliance programs and third party due diligence. It notes that surveys have found that staffing constraints, varying regulations, and pressure to deliver results create obstacles to anti-corruption efforts. Fewer than half of companies regularly conduct third party due diligence. European companies see less corruption risk than US companies. Case studies show companies being fined for lack of oversight of third party payments. Effective compliance requires training employees and third parties, especially in high risk roles.
ICAP - Preliminary statement for the year ended 31 March 2011Finance Magnates
The document provides a preliminary statement for ICAP plc for the year ended 31 March 2011. Key points include:
- Group revenue from continuing operations increased 8% to £1,741 million, with profit up 4% to £350 million.
- Electronic broking revenue increased 20% to £302 million and post trade risk and information revenue rose 30% to £184 million.
- EPS (basic) was up 59% to 28.7p and EPS (adjusted basic) rose 22% to 39.9p.
- The directors recommended a final dividend of 14.68p per share, bringing the full year dividend to 19.95p, up from 17.55p last
1) HMRC estimates it loses £1.5 billion per year to import VAT fraud such as undervaluation of goods, misclassification of goods, and goods entering the UK but not being exported to another EU country as intended.
2) HMRC is considering shifting liability for this fraud to UK companies that unintentionally facilitate the fraud by providing online trading platforms for the goods.
3) Companies that operate online trading platforms are advised to implement robust due diligence procedures to verify third-party sellers to avoid potential future liability for unpaid import taxes and duties.
Online gambling in bulgaria present and futureVasil Stumbov
Online gambling is growing in Bulgaria, with online sports betting accounting for 60% of sports bets in 2016 and set to increase 30% by 2022. Online gaming makes up 36% of casino and games turnover. The Bulgarian interactive gambling market is competitive, mature, fragmented and profitable. Marketing shows customer acquisition costs of €60-70, with typical affiliate commissions of 25%. Bulgaria has also become a hub for gambling business process outsourcing due to its qualified workforce and business-friendly environment. Innovations in identification, payments, esports and behavioral marketing are being developed by startups. In the future, 35% of operators plan to launch online operations while 44% expect declines in land-based business.
The global view on offshore financial centres remains as volatile as ever. With a seemingly growing concern on the legitimacy of previously accepted tax avoidance measures/schemes across the EU and US, as well as the introduction of requirements to maintain directories of beneficial owners for corporate entities incorporated within the EU1 expected to come into force by the end of June 2017 (and the subsequent extension of such to the UK Overseas Territories and Crown Dependencies2), there is a renewed interest to see what the impact of these requirements will be in practice – particularly insofar as it relates to offshore financial centres.
This document provides an overview of the literature on the relationship between legal gambling and crime in the UK. It discusses how some studies have found a link between problem gambling and criminal behavior, with problem gamblers sometimes committing crimes to fund their gambling habits. However, the research overall has produced mixed results, with about half of studies finding a link between gambling and crime and half finding no effect. Limitations in the data available make it difficult to draw definitive conclusions. The document aims to further examine the relationship and potential mechanisms through which legal gambling may influence crime rates.
Transfer pricing refers to how multinational corporations allocate profits between subsidiaries in different countries. This impacts how much each country can tax the corporation's profits. The arm's length principle states that transfer prices should be what independent companies would charge, preventing corporations from shifting profits to low-tax countries. However, applying this principle is difficult as direct market comparisons are often not available. While alternatives have been proposed, the arm's length principle remains the international standard as it avoids conflicts over splitting profits that could arise under other methods.
The document summarizes the EU's implementation of country-by-country reporting (CbCR) as outlined in the OECD's BEPS Action 13. It discusses how the EU has moved beyond exchanging CbCR information between tax authorities, as recommended by the OECD, by proposing to make some CbCR information publicly available. While increased tax transparency across EU members is welcomed, public CbCR may negatively impact business competitiveness and confidentiality compared to the OECD's recommendations, which only require reporting to tax authorities. The EU continues working to implement BEPS measures and increase coordination on corporate taxation among its members.
What the Research Tells Us: The PRA and FCADuff & Phelps
The PRA is not very active in enforcement. In calendar year 2016 it concluded only three cases (and only two in 2015) with a total of £4,248,016 in fines. Nevertheless, cases against individuals show its commitment to ensuring banks have effective risk management cultures and strong controls.
Tax governance challenges and potential _ JenaChidananda Jena
This document discusses challenges and potential of tax governance in developing countries facing neo-liberal globalization. It summarizes key challenges such as low tax to GDP ratios, difficulties collecting taxes due to globalization and profit shifting, and an over-reliance on indirect taxes. It then outlines potential reforms such as broadening tax bases, reducing exemptions, and increasing both horizontal and vertical equity. International standards, information exchange between countries, and anti-avoidance provisions are discussed as ways to curb profit shifting. Overall governance reforms emphasize public participation, e-government frameworks, monitoring and evaluation.
The Netherlands_Bill_Betting and Gaming Act_Explanatory memorandum_English tr...Market Engel SAS
See bill on http://www.internetconsultatie.nl/kansspelen_op_afstand
This bill amends the Betting and Gaming Act.It is the second phase in the modernisation process of the games of chance policy, which aims to prevent gambling addiction, protect the consumer and discourage illegality and crime.
Remote games of chance are games of chance in which the player takes part with electronic means of communication and without physical contact with (the personnel of the) the organiser of the games of chance or a third party which provides a room and resources for the participation in the games of chance.
Because of the lack of direct contact between the player and the games of chance provider, these games involve different and bigger risks of fraud and gambling addiction than the traditional physical (“land based”) games of chance.
Proper and strict regulation of remote games of chance involves among other things that additional measures are set to prevent gambling addiction, including a central register for the exclusion of games of chance3, as well as additional supervision and enforcement powers for the Games of Chance Authority and amendment of the games of chance legislation.
Europe's Financial Transactions Tax Unlikely to Hurt Professional TradersOsmo Timonen
- The European Commission proposed an EU-wide Financial Transactions Tax in 2011 to make the financial sector contribute to solving the Euro crisis and prevent fragmented financial regulation.
- Professional futures traders are concerned about how the tax might impact them, as some countries already have such a tax while others oppose it.
- The current proposal would tax derivatives transactions at 0.01% of the contract value, which could significantly increase costs for high-volume traders and put some market makers out of business.
- However, the proposal is likely to exclude day traders and designated market makers, as done in existing financial transaction taxes in France and Italy, in order to maintain market liquidity.
Sports betting has become the fastest growing segment of the global gambling industry, accounting for nearly half of the online gambling market. A fifth of sports betting now takes place via mobile, and this is expected to reach 45% by 2018. Horse racing still dominates global betting activity at 55% but football betting is growing rapidly in some countries. The potential for growth in sports betting is large as around 80% of bets are still made through illegal offshore websites, but many governments are starting to regulate and legalize sports betting.
Abstract - Italian Gambling market report - Oct 2010TrustPartners
TrustPartners is an Italian consulting firm with expertise in regulated industries such as gaming and gambling. This document provides an overview of the Italian gaming and gambling market as of October 2010. It summarizes that the Italian gaming market has grown at a 15% CAGR from 2004 to 2010, reaching an expected turnover of 57.4 billion Euros in 2010. The online channel is growing significantly, expected to reach over 4.7 billion Euros in 2010, a 25% increase over 2009. Looking forward, figures are expected to increase strongly through 2013 with the launch of new products and services.
- Ten European countries representing 88% of Eurozone GDP are finalizing legislation to implement a Financial Transaction Tax (FTT) by the end of 2014, with revenues beginning to flow in January 2016.
- France has already implemented its own unilateral FTT, with 20% of revenues going to health programs in West Africa.
- The UK Labour party has said it will close loopholes in the UK's existing stamp duty on stock transactions if elected, using funds to support the National Health Service.
Sample Report: Global Online Gambling and Betting Market 2015yStats.com
The document provides a summary of a research report on international markets for online gambling. It includes a table of contents outlining the various sections and chapters covering global, regional, and country-level analysis. At the country level, it examines markets for online gambling and betting in countries with regulated, partially regulated, and banned online gambling environments. Charts and data in the report provide statistics on topics like online gambling revenues, active user accounts, and market share by gaming segment. The document methodology explains the secondary research approach and outlines the key elements and order included in the report.
Online Gambling: Internet gambling is, generally a means of using the internet to place bets on casino games, sports games, etc. Bets are usually placed through credit card accounts and wins or losses are paid or collected accordingly
This document discusses regulating sports betting in India. It acknowledges that while sports betting is currently illegal in India, it exists and is a large underground market. Other countries like the UK regulate sports betting and use funds to support sports development. The document aims to provide a balanced perspective on whether India should effectively regulate sports betting to both generate funds for sports and prevent match-fixing, or continue criminalizing it. It examines different types of gambling, how laws have evolved internationally, and considerations for building an effective regulatory system. The conclusion proposes forming a committee to further explore regulating sports betting in India based on facts, existing laws, and constitutional provisions.
Financial transaction taxes: skimming the froth | the economistManfredNolte
The summary analyzes the early effects of France's 0.2% tax on stock transactions over 1 billion euros implemented in August 2012. According to analysts, French equity trading volumes dipped initially but recovered somewhat. However, trading activity in French equities across Europe fell 16% in the three months after the tax compared to prior months, a larger drop than other European stocks. Trading fell more for lower-capitalized stocks subject to the tax, while trading rose 19% for stocks not subject to it. This suggests the tax has negatively impacted mid-sized firms. Countries considering a financial transaction tax want to learn from France's experience but remain skeptical due to potential loopholes and negative historical experiences with such taxes.
Innoxcell - Due Diligence Presentation JFF 2016Julian Fenwick
This document discusses effective compliance programs and third party due diligence. It notes that surveys have found that staffing constraints, varying regulations, and pressure to deliver results create obstacles to anti-corruption efforts. Fewer than half of companies regularly conduct third party due diligence. European companies see less corruption risk than US companies. Case studies show companies being fined for lack of oversight of third party payments. Effective compliance requires training employees and third parties, especially in high risk roles.
ICAP - Preliminary statement for the year ended 31 March 2011Finance Magnates
The document provides a preliminary statement for ICAP plc for the year ended 31 March 2011. Key points include:
- Group revenue from continuing operations increased 8% to £1,741 million, with profit up 4% to £350 million.
- Electronic broking revenue increased 20% to £302 million and post trade risk and information revenue rose 30% to £184 million.
- EPS (basic) was up 59% to 28.7p and EPS (adjusted basic) rose 22% to 39.9p.
- The directors recommended a final dividend of 14.68p per share, bringing the full year dividend to 19.95p, up from 17.55p last
1) HMRC estimates it loses £1.5 billion per year to import VAT fraud such as undervaluation of goods, misclassification of goods, and goods entering the UK but not being exported to another EU country as intended.
2) HMRC is considering shifting liability for this fraud to UK companies that unintentionally facilitate the fraud by providing online trading platforms for the goods.
3) Companies that operate online trading platforms are advised to implement robust due diligence procedures to verify third-party sellers to avoid potential future liability for unpaid import taxes and duties.
Online gambling in bulgaria present and futureVasil Stumbov
Online gambling is growing in Bulgaria, with online sports betting accounting for 60% of sports bets in 2016 and set to increase 30% by 2022. Online gaming makes up 36% of casino and games turnover. The Bulgarian interactive gambling market is competitive, mature, fragmented and profitable. Marketing shows customer acquisition costs of €60-70, with typical affiliate commissions of 25%. Bulgaria has also become a hub for gambling business process outsourcing due to its qualified workforce and business-friendly environment. Innovations in identification, payments, esports and behavioral marketing are being developed by startups. In the future, 35% of operators plan to launch online operations while 44% expect declines in land-based business.
The global view on offshore financial centres remains as volatile as ever. With a seemingly growing concern on the legitimacy of previously accepted tax avoidance measures/schemes across the EU and US, as well as the introduction of requirements to maintain directories of beneficial owners for corporate entities incorporated within the EU1 expected to come into force by the end of June 2017 (and the subsequent extension of such to the UK Overseas Territories and Crown Dependencies2), there is a renewed interest to see what the impact of these requirements will be in practice – particularly insofar as it relates to offshore financial centres.
This document provides an overview of the literature on the relationship between legal gambling and crime in the UK. It discusses how some studies have found a link between problem gambling and criminal behavior, with problem gamblers sometimes committing crimes to fund their gambling habits. However, the research overall has produced mixed results, with about half of studies finding a link between gambling and crime and half finding no effect. Limitations in the data available make it difficult to draw definitive conclusions. The document aims to further examine the relationship and potential mechanisms through which legal gambling may influence crime rates.
Transfer pricing refers to how multinational corporations allocate profits between subsidiaries in different countries. This impacts how much each country can tax the corporation's profits. The arm's length principle states that transfer prices should be what independent companies would charge, preventing corporations from shifting profits to low-tax countries. However, applying this principle is difficult as direct market comparisons are often not available. While alternatives have been proposed, the arm's length principle remains the international standard as it avoids conflicts over splitting profits that could arise under other methods.
The document summarizes the EU's implementation of country-by-country reporting (CbCR) as outlined in the OECD's BEPS Action 13. It discusses how the EU has moved beyond exchanging CbCR information between tax authorities, as recommended by the OECD, by proposing to make some CbCR information publicly available. While increased tax transparency across EU members is welcomed, public CbCR may negatively impact business competitiveness and confidentiality compared to the OECD's recommendations, which only require reporting to tax authorities. The EU continues working to implement BEPS measures and increase coordination on corporate taxation among its members.
What the Research Tells Us: The PRA and FCADuff & Phelps
The PRA is not very active in enforcement. In calendar year 2016 it concluded only three cases (and only two in 2015) with a total of £4,248,016 in fines. Nevertheless, cases against individuals show its commitment to ensuring banks have effective risk management cultures and strong controls.
Tax governance challenges and potential _ JenaChidananda Jena
This document discusses challenges and potential of tax governance in developing countries facing neo-liberal globalization. It summarizes key challenges such as low tax to GDP ratios, difficulties collecting taxes due to globalization and profit shifting, and an over-reliance on indirect taxes. It then outlines potential reforms such as broadening tax bases, reducing exemptions, and increasing both horizontal and vertical equity. International standards, information exchange between countries, and anti-avoidance provisions are discussed as ways to curb profit shifting. Overall governance reforms emphasize public participation, e-government frameworks, monitoring and evaluation.
The Netherlands_Bill_Betting and Gaming Act_Explanatory memorandum_English tr...Market Engel SAS
See bill on http://www.internetconsultatie.nl/kansspelen_op_afstand
This bill amends the Betting and Gaming Act.It is the second phase in the modernisation process of the games of chance policy, which aims to prevent gambling addiction, protect the consumer and discourage illegality and crime.
Remote games of chance are games of chance in which the player takes part with electronic means of communication and without physical contact with (the personnel of the) the organiser of the games of chance or a third party which provides a room and resources for the participation in the games of chance.
Because of the lack of direct contact between the player and the games of chance provider, these games involve different and bigger risks of fraud and gambling addiction than the traditional physical (“land based”) games of chance.
Proper and strict regulation of remote games of chance involves among other things that additional measures are set to prevent gambling addiction, including a central register for the exclusion of games of chance3, as well as additional supervision and enforcement powers for the Games of Chance Authority and amendment of the games of chance legislation.
Europe's Financial Transactions Tax Unlikely to Hurt Professional TradersOsmo Timonen
- The European Commission proposed an EU-wide Financial Transactions Tax in 2011 to make the financial sector contribute to solving the Euro crisis and prevent fragmented financial regulation.
- Professional futures traders are concerned about how the tax might impact them, as some countries already have such a tax while others oppose it.
- The current proposal would tax derivatives transactions at 0.01% of the contract value, which could significantly increase costs for high-volume traders and put some market makers out of business.
- However, the proposal is likely to exclude day traders and designated market makers, as done in existing financial transaction taxes in France and Italy, in order to maintain market liquidity.
Sports betting has become the fastest growing segment of the global gambling industry, accounting for nearly half of the online gambling market. A fifth of sports betting now takes place via mobile, and this is expected to reach 45% by 2018. Horse racing still dominates global betting activity at 55% but football betting is growing rapidly in some countries. The potential for growth in sports betting is large as around 80% of bets are still made through illegal offshore websites, but many governments are starting to regulate and legalize sports betting.
Abstract - Italian Gambling market report - Oct 2010TrustPartners
TrustPartners is an Italian consulting firm with expertise in regulated industries such as gaming and gambling. This document provides an overview of the Italian gaming and gambling market as of October 2010. It summarizes that the Italian gaming market has grown at a 15% CAGR from 2004 to 2010, reaching an expected turnover of 57.4 billion Euros in 2010. The online channel is growing significantly, expected to reach over 4.7 billion Euros in 2010, a 25% increase over 2009. Looking forward, figures are expected to increase strongly through 2013 with the launch of new products and services.
- Ten European countries representing 88% of Eurozone GDP are finalizing legislation to implement a Financial Transaction Tax (FTT) by the end of 2014, with revenues beginning to flow in January 2016.
- France has already implemented its own unilateral FTT, with 20% of revenues going to health programs in West Africa.
- The UK Labour party has said it will close loopholes in the UK's existing stamp duty on stock transactions if elected, using funds to support the National Health Service.
This document discusses problems and potential solutions related to taxing transactions in financial derivatives. It notes that eleven European countries are moving towards implementing a Financial Transactions Tax that includes derivatives. However, taxing derivatives poses unique challenges because derivative contracts can be issued from any jurisdiction and do not require ownership of the underlying asset. The document makes recommendations for how derivatives could still be taxed, including applying the tax wherever one of the counterparties is located, marking untaxed derivatives as null/void, and keeping tax rates modest relative to other transaction costs.
The document discusses European gambling regulation from the perspective of private gambling operators. It makes three key points:
1) National monopolies and barriers exist across Europe that restrict private operators from offering gambling services across borders, despite rulings from the European Court of Justice saying gambling should be allowed under freedom to provide services.
2) Private operators face legal challenges in many countries trying to protect domestic monopolies. The European Commission has started infringement procedures against some countries for limiting competition.
3) The European Court of Justice has not established secondary legislation for gambling, but through case law has said member states can regulate gambling as long as measures are proportionate and non-discriminatory. However, monopolies still largely restrict the cross
The South African gambling industry and its regulation were reviewed by a Gambling Review Commission. The Commission assessed the social and economic impacts of the industry since 1996. Key findings included that gambling participation increases with income, problem gambling has stabilized at 4.8%, and youth gambling is a concern. The regulatory framework was found to have inconsistencies across provinces and regulators struggled to fulfill mandates. Recommendations included continuing the existing regulatory approaches, introducing new limits on certain gambling activities, addressing inconsistencies in regulation, and regulating emerging forms of gambling like online gambling.
This document discusses the influence that the Big Four accounting firms (Deloitte, PwC, EY, and KPMG) have on EU tax policy through various channels. It notes that despite evidence that these firms facilitate corporate tax avoidance, they continue to advise the EU on tackling tax avoidance through positions on advisory groups and by receiving millions in public contracts. The document also provides two case studies that illustrate how the Big Four and multinational corporations lobby the EU to weaken proposed transparency rules and country-by-country reporting. It concludes that the Big Four have conflicts of interest due to their role in tax avoidance, and should be removed from advising the EU on related policy.
The document provides an overview of the digital gaming industry in Europe and recommendations for 10 European regions to boost their gaming industries. It finds that the gaming industry is an important part of the creative industries and provides significant economic benefits. However, European companies are not as prominent as US and Asian companies in some parts of the gaming value chain. The document then analyzes the gaming industries of 10 regions and identifies the top 3 challenges and recommendations for supporting industry growth in each region.
This document summarizes the state of eGaming and gambling in Spain. It notes that while regional authorities regulate land-based gambling, online gambling is not yet nationally regulated, though draft legislation is expected in 2012. Key figures on the Spanish online gambling market are provided for betting, poker, casino and bingo. The largest online sector is betting, reflecting Spaniards' strong interest in sports. Partnerships between gambling operators and Spanish soccer teams are also discussed. The future of the Spanish market is expected to include regulation that brings in large international operators and potentially blocks unregulated sites, as well as potential media partnerships between gambling companies and Spanish media outlets.
La ue estudia la ttf para financiar la supervisión.ManfredNolte
The European Commission is considering funding the European Union's financial industry watchdogs (ESMA, EBA, and EIOPA) through a levy on the financial institutions they oversee, rather than through EU and national budget contributions. Currently the watchdogs receive 60% of their funding from national supervisors and 40% from the EU budget. The Commission believes this funding model should be revised given budget constraints. A tax on banks and insurers could replace the current funding, though details like the tax rate are unclear. National governments may support the shift to an industry-funded model, but some financial industry groups oppose offloading costs onto firms. The report also examines expanding the watchdogs' powers and roles.
This document summarizes opportunities for law firms in the sports sector in Spain and Portugal. Some of the key opportunities discussed include:
- Advising football clubs that have significantly increased revenues from the new collective broadcasting rights negotiations in Spain. This is allowing clubs to professionalize their structures and acquire more players.
- Brexit creating uncertainty around employment, tax, and acquisitions of UK football clubs that firms can advise on.
- Growing interest from investors in acquiring football clubs and opportunities for M&A work.
- Emergence of e-sports creating need for regulation and employment law advice.
- New online betting rules in Portugal opening the market and generating advisory work for firms.
So in
JAKTA - EUROMAT MR Helmut Kafka-presentation at Jakta V Gaming Congress-22 oc...Mirjana Acimovic
JAKTA’s 5th Gaming Congress
Summarising the situation in Europe
- EUROMAT’s perspective -
Belgrade, 22 October 2012
Helmut Kafka, Vice-President, EUROMAT
Sports betting in Italy is regulated by the Independent Administration of State Monopolies (AAMS) which decides the sports, dates, and types of bets allowed. Concessionaries operate under the AAMS to offer betting. While traditionally only bookmakers offered betting, the betting market has evolved with the rise of betting exchanges like Betfair which allows users to bet against each other. However, betting exchanges remain controversial as bookmakers argue they threaten the integrity of sports for commercial gain, though exchanges insist they closely monitor users and share information.
The ABA Section of Intellectual Property Law provides the latest updates in intellectual property law. Gain insight and ideas from IP experts and practitioners, coming together from around the world to share and discuss the most critical issues in IP law. Happy reading! .
The European esports market has experienced strong growth in recent years and is now a sizable market. Revenues have grown at an average annual rate of 24% since 2016 and totaled €240 million in 2018. Major league systems and tournaments are becoming more established, attracting more sponsors and commercial partners. Investor interest is also rising as reflected by increasing mergers and acquisitions activity. For esports to continue growing, new leagues and titles must succeed in engaging larger audiences and generating more revenue from media rights and commercial partnerships.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
INCLUDED FRAMEWORKS/MODELS:
1. Stanford’s Design Thinking
2. IDEO’s Human-Centered Design
3. Strategyzer’s Business Model Innovation
4. Lean Startup Methodology
5. Agile Innovation Framework
6. Doblin’s Ten Types of Innovation
7. McKinsey’s Three Horizons of Growth
8. Customer Journey Map
9. Christensen’s Disruptive Innovation Theory
10. Blue Ocean Strategy
11. Strategyn’s Jobs-To-Be-Done (JTBD) Framework with Job Map
12. Design Sprint Framework
13. The Double Diamond
14. Lean Six Sigma DMAIC
15. TRIZ Problem-Solving Framework
16. Edward de Bono’s Six Thinking Hats
17. Stage-Gate Model
18. Toyota’s Six Steps of Kaizen
19. Microsoft’s Digital Transformation Framework
20. Design for Six Sigma (DFSS)
To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations
Storytelling is an incredibly valuable tool to share data and information. To get the most impact from stories there are a number of key ingredients. These are based on science and human nature. Using these elements in a story you can deliver information impactfully, ensure action and drive change.
Taurus Zodiac Sign: Unveiling the Traits, Dates, and Horoscope Insights of th...my Pandit
Dive into the steadfast world of the Taurus Zodiac Sign. Discover the grounded, stable, and logical nature of Taurus individuals, and explore their key personality traits, important dates, and horoscope insights. Learn how the determination and patience of the Taurus sign make them the rock-steady achievers and anchors of the zodiac.
Structural Design Process: Step-by-Step Guide for BuildingsChandresh Chudasama
The structural design process is explained: Follow our step-by-step guide to understand building design intricacies and ensure structural integrity. Learn how to build wonderful buildings with the help of our detailed information. Learn how to create structures with durability and reliability and also gain insights on ways of managing structures.
How to Implement a Real Estate CRM SoftwareSalesTown
To implement a CRM for real estate, set clear goals, choose a CRM with key real estate features, and customize it to your needs. Migrate your data, train your team, and use automation to save time. Monitor performance, ensure data security, and use the CRM to enhance marketing. Regularly check its effectiveness to improve your business.
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
❼❷⓿❺❻❷❽❷❼❽ Dpboss Matka Result Satta Matka Guessing Satta Fix jodi Kalyan Final ank Satta Matka Dpbos Final ank Satta Matta Matka 143 Kalyan Matka Guessing Final Matka Final ank Today Matka 420 Satta Batta Satta 143 Kalyan Chart Main Bazar Chart vip Matka Guessing Dpboss 143 Guessing Kalyan night
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...Neil Horowitz
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
3 Simple Steps To Buy Verified Payoneer Account In 2024SEOSMMEARTH
Buy Verified Payoneer Account: Quick and Secure Way to Receive Payments
Buy Verified Payoneer Account With 100% secure documents, [ USA, UK, CA ]. Are you looking for a reliable and safe way to receive payments online? Then you need buy verified Payoneer account ! Payoneer is a global payment platform that allows businesses and individuals to send and receive money in over 200 countries.
If You Want To More Information just Contact Now:
Skype: SEOSMMEARTH
Telegram: @seosmmearth
Gmail: seosmmearth@gmail.com
HOW TO START UP A COMPANY A STEP-BY-STEP GUIDE.pdf46adnanshahzad
How to Start Up a Company: A Step-by-Step Guide Starting a company is an exciting adventure that combines creativity, strategy, and hard work. It can seem overwhelming at first, but with the right guidance, anyone can transform a great idea into a successful business. Let's dive into how to start up a company, from the initial spark of an idea to securing funding and launching your startup.
Introduction
Have you ever dreamed of turning your innovative idea into a thriving business? Starting a company involves numerous steps and decisions, but don't worry—we're here to help. Whether you're exploring how to start a startup company or wondering how to start up a small business, this guide will walk you through the process, step by step.
Anny Serafina Love - Letter of Recommendation by Kellen Harkins, MS.AnnySerafinaLove
This letter, written by Kellen Harkins, Course Director at Full Sail University, commends Anny Love's exemplary performance in the Video Sharing Platforms class. It highlights her dedication, willingness to challenge herself, and exceptional skills in production, editing, and marketing across various video platforms like YouTube, TikTok, and Instagram.
B2B payments are rapidly changing. Find out the 5 key questions you need to be asking yourself to be sure you are mastering B2B payments today. Learn more at www.BlueSnap.com.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
How MJ Global Leads the Packaging Industry.pdfMJ Global
MJ Global's success in staying ahead of the curve in the packaging industry is a testament to its dedication to innovation, sustainability, and customer-centricity. By embracing technological advancements, leading in eco-friendly solutions, collaborating with industry leaders, and adapting to evolving consumer preferences, MJ Global continues to set new standards in the packaging sector.
1. Online Sports Betting Industry: Our view, our beliefs, our value added Quentin Toulemonde OSBI Consulting January 2011
2.
3.
4.
5.
6.
7.
8. At a worldwide scale, there are major discrepancies between legislations EUROPE WORLD Germany Portugal China United States* -- Belgium France Argentina Japan Spain Italy United Kingdom -- South Africa Banned Under legalisation Regulated or authorized de facto Denmark New Jersey* - Source: Pauline Pelletier, Relevant Authorities update * US legislation regarding online gambling is defined at State level Online gambling legislation status for some European and Pan European countries
9.
10.
11.
12.
13.
14.
15.
16.
17. We put great emphasis on Web 2.0 to trigger off exchanges within the community LinkedIn: Quentin Toulemonde Blog: http://osportsbetting.wordpress.com Book: Les Paris Sportifs en Ligne (French, May 2011) Email: [email_address]