Tag Archives: IRS

Martin Lycka: Gambling taxation with representation…

Martin Lycka, Entain Plc’s Senior Vice President of US Regulatory Affairs & Responsible Gambling, comments on the thorny yet unavoidable issue of industry taxation and why operators may hiss at feeling short-changed… Jean Baptiste Colbert, the Sun King’s First Minister of State, once quipped that “the art of taxation consists in so plucking the goose as to obtain the largest …

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JP McManus seeks $5.2 million tax return from US IRS

Irish racehorse and stud rights magnet John (JP) McManus is seeking to $5.2 million from the US government, claiming that gambling winnings of $17.5 million were wrongly taxed. McManus one of Ireland’s richest businessmen (ranked 12th richest Irishman according to the Sunday Times), has filed a federal claim with US courts, seeking to recover the money on gambling winnings made …

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Betfair – Blatter odds on to retain FIFA Presidency

International football governing body, FIFA has been shell-shocked this week following the charges made against 9 senior ranking officials with regards to bribery and corruption by the FBI and IRS Criminal Investigation Unit. The charged officials are accused of taking in excess of $150 million in bribes stretching back 24 years. US prosecutors said the officials conspired with sports marketing …

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