Sweden to set new online gambling tax rate

According to a new report, Sweden should impose a revenue tax rate of between 15 and 20 percent.

Sweden.- The report issued by Copenhagen Economics states that the government is trying to implement the planned shift from a monopoly to a system that allows multiple online gambling companies to operate in the country.

The report suggests that in order to make this shift happen, the government should attract international operators to apply for licenses in Sweden and online gamblers to become clients of the licensed sites. The report, which was prepared on behalf of the Association of Online Gambling Operators, said that a tax rate below 15 percent could lead to incremental increases in channelisation, at the expense of lower tax revenue for the state. A tax rate over 20 percent would lead those channeling rates to fall to 80 percent or below.

The government’s plan is expected to be announced by March 2017. The current plan still needs to undergo Parliament next December.