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Colorado governor proposes progressive casino tax of up to 35%

Regulation

Colorado Governor Jared Polis has proposed a progressive tax on casinos before his term ends in January. The plan would set an effective rate of 23%, with casinos earning more than a threshold paying up to 35%; Polis said it could raise $80.2 million annually for childcare and preschool programmes.

The proposal could increase casino tax liabilities and direct new state revenue to childcare and preschool programmes.

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Regulation

Chile government proposes 22% tax on online gambling revenue

Chile’s government has proposed a 22% tax on online gambling revenue as part of amendments to legislation, according to a Senate bulletin described in the report. The proposal comprises 19% VAT and an additional 3% tax on the difference between stakes received and winnings paid; the Senate Economy Committee began reviewing the amendments on 27 October.

Chile's government has proposed a 22% tax on online gambling revenue, according to a Senate bulletin setting out amendments to the country's online gambling legislation. The bulletin includes 172 amendments submitted by the government of President José Antonio Kast on 26 October. The Senate's Economy Committee began examining the amendments on Tuesday 27 October and is expected to continue discussions at a future session, with no exact timeline announced.

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