Bwin.party shaken by proposed new German tax regime
13 Apr 2011
LONDON, 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.