Natalia Zaracho proposes online betting tax regime to fund Argentine sports clubs
By SectorWire desk ·
Summary
Argentine National Deputy Natalia Zaracho has introduced a bill to finance neighbourhood sports clubs through online sports betting taxes. The proposal would tax the net value of bettor deposits at a general rate of 10%, with other rates depending on investment and foreign participation. Congress must approve the proposal before it becomes law.
Why it matters
The proposed tax structure would change betting costs according to investment and foreign participation while directing revenue towards neighbourhood sports clubs.