The attention of many European markets undergoing tax reforms is focused on an alternative path currently being explored in Estonia.<\/p>\n\n\n\n
Estonian proposals foresee a gradual reduction of the remote gambling tax, as the country aims to increase funding for sports.<\/p>\n\n\n\n
The remote gambling tax in Estonia will decrease from 6% to 4%, by 0.5% per year. During the first reading of the bill earlier this week, the government assured that all proceeds will be directed to \u201cculture and sports.\u201d<\/p>\n\n\n\n
Foreign Minister Margus Tsahkna <\/strong>noted that mechanisms are in place to pause tax reductions if revenue targets are not met.<\/p>\n\n\n\n The development of the Estonian market and changes in tax revenues resulting from the new bill will attract significant interest from other European gambling markets, including the UK.<\/p>\n\n\n\n This week, during a heated discussion between the Betting and Gaming Council (BGC)<\/strong> and the Parliamentary Select Committee<\/strong>, after Parliament<\/strong> dismissed any comparisons with the Netherlands, BGC<\/strong> tax expert Stephen Hodgson <\/strong>highlighted the steps taken by Estonia.<\/p>\n\n\n\n \u201cEstonia\u2019s model demonstrates that aligning taxation, regulation, and compliance is more effective than simply raising the tax rate,\u201d Hodgson said.<\/p>\n\n\n\n