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Switzerland Taxes Casinos on Sliding Scale

16 October 2003

SWITZERLAND – As reported by SwissInfo: "The government is to tax Switzerland's casinos on a sliding scale, with smaller gambling establishments paying less.

"Large casinos will hand over 40 per cent of their takings, while small mountain casinos will pay 20 per cent.

"Medium-sized gaming concerns will be taxed 30 per cent of their gross income.

"The government's decision, which was made on the recommendation of the justice ministry, is being seen as a favour to mountain tourist regions, many of which are suffering economically.

"Legislation governing casinos in Switzerland allows for different levels of taxes to be set, depending on the size and income of the establishment.

"…Swiss casinos are divided into categories `A' – big establishments with no limits on bets, and "B" – smaller gambling houses with fewer than 150 slot machines.

"…While larger casinos clearly enjoy the biggest takings, the Swiss government regards all gambling establishments as lucrative sources of income.

"Casinos are expected to contribute at least SFr150 million (US$112.8 million) a year to Switzerland's hard-pressed welfare system…"

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