Argentine lawmaker proposes 10% online betting deposit tax to fund community clubs
By SectorWire desk ·
Summary
Argentine national deputy Natalia Zaracho has proposed legislation setting a general 10% tax on net betting deposits to support community clubs. The proposal allows a halved rate for companies investing domestically, with rates of 20% for foreign participants and 30% for those in tax havens or low-tax jurisdictions.
Why it matters
Betting companies would face different proposed deposit tax rates depending on domestic investment, foreign participation and jurisdiction.