To
receive our free monthly network newsletter enter your
email address below:
ADVERTISING
ADVERTISE
ON THIS SITE!
With over 50,000 qualified readers every month our web-sites
offer a number of cost effective, targeted advertising, sponsorship
and marketing opportunities:
Display advertising - from 'skyscrapers'
to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings
Click here to learn more or contact
Peter Wiggins on +44 (0)1424 813852 or email him at peter@lowtax.net.
New On The Network Today
This feed is published daily with selected new or updated
content from across our network. For a list of network sites, many of
which feature daily news, see below.
Providing essential tax news and information for globally
mobile artists, contractors, entrepreneurs, professionals, small businesses,
sportspersons and entertainers.
Lowtax Network Sites
Lowtax Network Portal:
'Low-tax' business and investment in the top 50 jurisdictions covered in
exceptional detail.
Tax News: Global
tax news, continuously updated through the day.
Law & Tax
News: Daily news and background data on tax and legal developments
for international business.
Offshore-e-com:
A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library:
One of the web's largest and most authoritative business and investment
information sources.
US Tax Network:
The resource for free online US taxation information, covering: corporate
tax, individual tax, international tax, expatriates, sales and e-commerce
tax, investment tax.
NEW! Personal
Business Tax Guide: Providing essential tax news and information
on business for contractors, entrepreneurs, professionals, small businesses,
artists, sportspersons and entertainers.
US Senate Considers Internet Gambling Tax,
by Mike Godfrey, Tax-News.com, Washington
Monday, March 01, 2010
Senators Ron Wyden (D-OR) and Judd Gregg (R-NH) have proposed measures to tax and regulate internet gambling in the United States as part of the 'Bipartisan Tax Fairness and Simplification' Bill (S. 3018), introduced recently in the Senate.
Section C addresses the legalisation of online gambling using elements of Congressman Barney Frank’s (D-MA) HR 2267 draft Internet Gambling Regulation, Consumer Protection, and Enforcement Act. The internet gambling provisions had already won over 65 co-sponsors from among both Democrats and Republicans.
S.3018 adopts a 2% tax rate on deposits held by the online gambling firms as originally envisaged under Congressman Jim McDermott’s (D-WA) HR 2268, the Internet Gambling Regulation and Tax Enforcement Act which attracted another five co-sponsors.
Senator Wyden had previously sought unsuccessfully to introduce a bill to use Internet gambling revenue to offset the costs of health care reform. A Joint Committee on Taxation analysis found that Internet gambling taxes, could generate nearly USD42bn over 10 years for the US Treasury. The move to tax internet gambling revenues in the Wyden/Gregg bill counterbalances revenue losses associated with other provisions of the Bill.
The Lowtax Library
hosts the web's best-known US and international tax news service
costing just $20 per month. Alongside topical, daily news, you can receive
weekly newswires on
a wide range of subjects.
Our 16 up-to-date intelligence
reports cover international tax-planning in depth, including
banking secrecy, offshore funds, e-commerce and offshore gaming.
IMPORTANT NOTICE:
THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting
the information contained on this site, but accepts no responsibility
for any financial or other loss or damage that may result from its use.
In particular, users of the site are advised to take appropriate professional
advice before committing themselves to involvement in offshore jurisdictions,
offshore trusts or offshore investments. All materials on this site copyright
The Lowtax Network 1999 - 2009. Contact
us for further information.
OFFSHORE-E-COM.COM
13/07 
