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Bwin.party shaken by proposed new German tax regime13 April 2011LONDON, England AND GERMANY -- Newly merged Bwin.party shares fell 16 percent on Monday's news of Germany's proposed new betting tax, The Guardian reported. Germany has announced a 16.7 percent tax rate, the report said. Germany has proposed seven national licences that will be taxed at 16. 7 percent on their business turnover, a rate analysts say is unsustainable for profitable companies, The Guardian reported.
Bwin.party shaken by proposed new German tax regime
is republished from Online.CasinoCity.com.
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