Overtaxation of the gaming sector: casinos are alarmed by the government’s project

Overtaxation of the gaming sector: casinos are alarmed by the government’s project
Overtaxation of the gaming sector: casinos are alarmed by the government’s project

The Casinos de association denounces the plan to increase taxation on gambling businesses as “a direct attack on employment, cultural activities and the financing of local authorities”. She affirms that the casino and gaming club sector already pays more than 1.5 billion euros annually to the budget of the State and local authorities, i.e. a record withdrawal of almost 57% of the gross gaming product ( turnover).

This increase in social security contributions, combined with an already overwhelming tax pressure, “directly threatens 45,000 jobs that our sector supports in 63 departments”. It “would further weaken the viability of casinos in France, causing a drop in tax revenues and probable closures of establishments, with disastrous consequences for employment and local public finances”.

With regard to gaming clubs in , the taxation project “would purely and simply sign their death warrant”, continues the association: it would make these establishments “economically unviable, directly threatening nearly 1,500 Parisian jobs”.

Casinos de France, with Acif (Association of French Independent Casinos), asks the government to “reconsider this project which would lead to irreversible consequences both in the territories and in Paris”.

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