Key Takeaways
- The Spanish Socialist Group argues that the ability to offset losses is inconsistent with other industries, and represents a pandering to demands by the gaming industry.
- Tax confusion reigned at the introduction of national Spanish gambling regulation, but the government reformulated the tax laws in December last year.
- The proposal is likely to be rejected.
- Congress is more likely to consider demands from industry to simplify existing taxes rather than risk a further reduction in tax revenues.
The Spanish Socialist Group has proposed that player’s gambling losses should not be offset against their winnings, arguing that it is inconsistent with other industries, and represents a pandering to demands by the gaming industry.
