Dutch operators are sounding the alarm over a proposed increase in gambling taxes, warning that it could have dire consequences for the industry and its customers.
The Netherlands currently taxes online gambling operators at a rate of 29%, but a new proposal would raise that rate to a staggering 30.1%. This increase comes as the country prepares to launch its regulated online gambling market later this year, following a lengthy period of prohibition.
Operators argue that the proposed tax hike would place an unfair burden on their businesses, making it difficult for them to compete with unlicensed operators who operate outside of the country’s regulatory framework. They also warn that the increased tax rate could lead to a decrease in the quality and variety of games available to Dutch consumers, as operators seek to offset the higher costs of doing business.
In a statement released by industry group Speel Verantwoord, operators stated, “We are deeply concerned about the potential impact of this tax increase on the Dutch gambling market. It could drive customers towards unlicensed operators and undermine the long-term sustainability of the regulated market.”
The proposed tax increase has sparked outrage among industry stakeholders, who are calling on the Dutch government to reconsider its decision. They argue that a lower tax rate would not only benefit operators, but also the Dutch government and consumers, who stand to benefit from a diverse and competitive online gambling market.
Operators are also concerned about the impact of the tax increase on problem gambling rates in the Netherlands. They warn that higher taxes could lead to reduced consumer protections and responsible gambling measures, as operators struggle to cope with the additional financial burden.
The Dutch government has not yet responded to the operators’ concerns, but industry stakeholders are hopeful that their warnings will be taken into consideration before any final decisions are made. With the launch of the country’s regulated online gambling market fast approaching, the stakes are high for all involved.
