Posted Thursday, March 22, 2012 11:19 AM
Once again Europe has shown that it is light years ahead of the United States in regulation of Internet gambling.
Plans are in the works in England to change the way wagering is taxed, and if things work out as planned it will help bring more jobs to Great Britain.
Online gambling companies have set up shop outside GB in order to take advantage of low tax rates elsewhere. But Britain is now putting together plans that would alter the tax policy and make it worthwhile for the companies to do business in England, providing needed jobs. Basically, taxes would be paid at what is called the “point of consumption”, in other words where the bettor is, rather than the point of supply, where the operator is. So a company based offshore would still be required to pay taxes to England, even if its operations are in Malta. And if there is less tax benefit to being in Malta, why not just set up shop in London? And hire British workers.
Obviously, all this is world-class level chess compared to the checkers now being played in the United States, where states are arguing about whether they can legally sell a lottery ticket online.
Posted Thursday, March 01, 2012 08:51 AM
With each passing day it becomes more likely that come next January Barack Obama, Mitt Romney or Rick Santorum will be sworn in as the president for the next four years.
None of the above figure to be supportive of online gambling that would lead to legalization of sports betting. A look at the options, from worst to best:
3. Santorum. Ugh. Is he running for president or Pope? He's on record as opposing gambling, though if the longest of long shorts is elected, Sunday night church bingo probably would be safe.
2. Romney. He can't connect with voters and he changes his mind more than he changes his underwear. The best thing you could say about him is that even though he's on record as being against online gambling, with no core principles maybe he can be turned.
1. Obama. Did he order or even know about the DoJ Black Friday/Blue Monday indictments? And did he mandate the Dec. 23 easing of regulations regarding online poker and casino games? Who knows? He's not talking.
That's all, folks.
If you're a one-issue voter, Obama's mixed-message policies appear to be better than what the Republicans have to offer. In this instance, the devil you don't know could be a lot better than the devil(s) you do.