In a recent development within the gambling industry in Peru, the CEO of leading operator Apuesta Total has issued a warning against the potential reintroduction of a consumption tax on gambling activities in the country. The CEO’s concerns come amid discussions within the Peruvian government about potentially imposing new taxes on the industry in order to generate additional revenue for the state.
The CEO of Apuesta Total, which is one of the largest and most successful gambling operators in Peru, has emphasized the negative impact that reintroducing a consumption tax could have on the industry as a whole. The CEO argues that such a tax would not only harm the business operations of gambling operators, but also have a detrimental effect on the overall economy of the country.
According to the CEO, a consumption tax on gambling would likely result in decreased revenues for operators, as well as reduced profits and potential job losses within the industry. Furthermore, the CEO warns that such a tax could also drive customers away from legal and regulated gambling operators and into the arms of unlicensed and unregulated operators, thereby increasing the risk of problem gambling and other related issues.
The CEO’s concerns have been echoed by other industry stakeholders, who have also expressed their opposition to the proposed reintroduction of a consumption tax on gambling in Peru. Many argue that such a tax would be counterproductive, as it would not only hinder the growth and development of the industry, but also fail to generate significant revenue for the state.
In response to these concerns, the Peruvian government has stated that no final decisions have been made regarding the potential reintroduction of a consumption tax on gambling. However, the government has emphasized the need to find new sources of revenue in order to address the country’s fiscal challenges, and has not ruled out the possibility of imposing new taxes on the industry.
As the debate over the potential reintroduction of a consumption tax on gambling continues, industry stakeholders are eagerly awaiting further developments and hoping to engage in productive discussions with the government in order to find a mutually beneficial solution. In the meantime, the CEO of Apuesta Total and other industry leaders remain steadfast in their opposition to any new taxes that could harm the growth and sustainability of the gambling industry in Peru.