Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Jan 24, 2020

Czech Lottery Owner Sazka Asks EU to Probe Gambling Tax

(Bloomberg) --

Sazka Group AS has urged the European Commission to investigate a Czech tax on lotteries that it says unfairly grants a state subsidy to other gambling services.

Sazka, owned by Czech billionaire Karel Komarek, said in a statement that it's asked the EU's state aid unit to rule against a 35% tax on lotteries introduced in January, which it says puts betting and casino games that pay 23% in a more favorable financial position.

The Brussels-based commission said it will assess Sazka's complaint.

The Czech finance ministry said in a statement that the different tax treatment isn't discriminatory or an illegal form of public support because different gambling services don't directly compete. EU governments also have the right to set different rates for each type of tax, including selectively, it added.

--With assistance from Krystof Chamonikolas.

To contact the reporter on this story: Aoife White in Brussels at awhite62@bloomberg.net

To contact the editor responsible for this story: Peter Chapman at pchapman10@bloomberg.net

©2020 Bloomberg L.P.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search