{"id":43,"date":"2024-06-12T05:18:14","date_gmt":"2024-06-12T02:18:14","guid":{"rendered":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/12\/swedish-gaming-trade-group-opposes-tax-hike\/"},"modified":"2024-06-13T12:10:12","modified_gmt":"2024-06-13T09:10:12","slug":"swedish-gaming-trade-group-opposes-tax-hike","status":"publish","type":"post","link":"https:\/\/juicyvegasnodepositbonus.icu\/2024\/06\/12\/swedish-gaming-trade-group-opposes-tax-hike\/","title":{"rendered":"Swedish Gaming Trade Group Opposes Tax Hike"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/J0yqaX_BS2k\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The Swedish iGaming trade group, BOS, is resisting the government&#8217;s proposal to boost gaming levies. They contend that increasing duties will solely advantage unlawful wagering platforms, pushing gamblers toward these unregulated websites.<\/p>\n<p>The suggested scheme, slated to be enforced in July 2024, would witness gaming taxes climb from 18% to 22%. Gustaf Hoffstedt, BOS General Secretary, maintains that this contradicts the government&#8217;s stated objectives for a more secure gaming sector. He highlights that numerous stakeholders, including the Swedish Gaming Authority, concur that this tax hike will diminish the regulated market and enlarge the illicit gambling sphere.<\/p>\n<p>Initially, the Swedish administration aimed to maintain illegal gambling below 10% of the overall market. BOS posits this target is now unattainable if the tax escalation proceeds. Their figures demonstrate that in March of this year, the regulated market only represented 77% of all gambling, with internet casinos plummeting even further to 72%. <\/p>\n<p>Hofstetter also mentioned a Copenhagen Economics analysis that suggests an ideal tax range for nations to maintain, falling between 15% and 20%.<\/p>\n<p>Exceeding the 20% threshold, he explained, leads to diminished channeled income and, over time, reduced overall tax revenue, as per the traditional Laffer Curve principle.<\/p>\n<p>No data supports the notion that the Swedish government can currently implement a policy deviating so drastically from the study&#8217;s recommended tax bracket without negatively impacting the regulated market, especially compared to the period before Sweden&#8217;s gambling market reforms.<\/p>\n<p>Hofstetter was a guest on the Huddle podcast in October when the proposed tax measures were initially unveiled. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Swedish iGaming trade group, BOS, is resisting the government&#8217;s proposal to boost gaming levies. They contend that increasing duties will solely advantage unlawful wagering [&#8230;]<\/p>\n","protected":false},"author":71,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Swedish Gaming Tax Hike: Helping or Hurting Players?<\/title>\n<meta name=\"description\" content=\"Will increasing gaming levies in Sweden really make things safer? The iGaming industry says no, arguing that it will only benefit illegal betting sites. 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