International Trade Art, Entertainment & Sports Tax

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Online Poker Players Beware

I thought we had reached the end of our FBAR streak, but not yet. In a Federal District Court case opinion released last week, the Northern District of California ruled that a U.S. online gambler was obligated to report his...more

UK / China co-production treaty signed

Yesterday, UK Culture Minister Ed Vaizey and Chinese Vice Minister Tong Gang of the State Administration of Radio, Film & Television, signed the long-awaited UK / China co-production treaty....more

Sport, Media, and Entertainment Intelligence - April 2014

Spanish Supreme Court orders Le Monde to pay damages to Real Madrid and FC Barcelona - The Spanish Supreme Court has ordered French daily newspaper Le Monde to pay damages of €300,000 to Real Madrid and €15,000 to FC...more

Video games tax credit finally receives state aid approval

The European Commission has finally given the green light to the proposed UK video games tax credit which will now come into effect from 1 April 2014....more

UK Budget 2014 – more good news for the creative industries

In yesterday’s Budget, George Osborne confirmed that the European Commission has approved the proposed extension of the UK film tax credit announced in his 2013 Autumn Statement. The changes are due to take effect from April...more

UK: Budget 2014 – changes announced to gambling duties; Levy consultation announced

The Chancellor of the Exchequer gave his Budget speech today. Gaming duty revalorisation – The government will increase gaming duty bands in line with RPI for accounting periods starting on or after 1 April 2014....more

Bulgaria Adopts New Gambling Tax Regime

Bulgaria has a new gambling taxation regime effective January 1, 2014, which, together with the reasonable and balanced regulations currently in place, makes the country attractive for local licensing and gambling operations...more

Law À La Mode - Issue 12 – Winter 2013/14 (Global)

In This Issue: - Mandatory Employment Of Women In Retail Stores In Saudi Arabia: Key points for complying with the new requirements for retailers to employ women in female-oriented stores - No Logo Required:...more

European Commission approves the continuation of Hungarian Film Support Schemes until December 2019

The European Commission approved with its resolution as of 16 July 2008 the Hungarian film support schemes until 31 December 2013. Under this scheme a tax payer who provides support for film production which complies with...more

European Parliament Report on Online Gambling

The European Parliament today published its Report on online gambling in the internal market calling for a balanced and EU compliant approach when regulating the market. The European Parliament Resolution contains more...more

12 months gaming ban, is it a joke?

The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems...more

All-in August (Global)

Top gambling regulatory developments in August. Australia - With Australia’s federal election set to be held on 7 September 2013 and press reports claiming that leader of the Opposition, Tony Abbott, will...more

UK: Gambling Duties

A number of clients and contacts continue to ask how remote gaming duty and general betting duty are currently calculated, as the industry prepares itself for the point of consumption tax regime ("POCT")....more

Nonresident Alien Gamblers Catch A Break

Nonresident alien gamblers that gamble recreationally in the U.S. have a substantial disadvantage vis-à-vis residents – they cannot offset their losses against their gains in determining gains subject to tax....more

Poker liquidity sharing in Europe closer?

Italian, French, German, Portuguese, UK and Spanish gambling regulators met in Lisbon at the beginning of the month and more recently issued interesting statements at the World Gaming Executive Summit 2013 that might lead to...more

US: Foreign Gamblers Now To Receive Equal Tax Treatment

On Tuesday, July 9, the United States Court of Appeals for the District of Columbia Circuit handed down a ruling that interprets Section 871 of the Tax Code in a manner more favorable to foreign gamblers. ...more

Producing in Canada - June 2013

Canada is recognized as a major player in film, television and interactive digital media production. The growth of Canada’s multibillion dollar production industry is attributable to our high-standard facilities, competent...more

"Star Wars" – How to Win the Tax Battle When Your Talent Clients Work Abroad

In this article: - Income Tax - Other Foreign Taxes -- Vat And Social Security Taxes - Foreign Tax Credit Planning - U.S. Withholding Obligations - Use Of Loan Out Company -...more

Did Sergio Garcia Lose in Match Play with the IRS?

One of the most recognizable names in professional golf—although not the most winning name, having never won a major golf tournament—is Sergio Garcia. He is especially known for his tree shots, the latest of which was a...more

Partial Win For Golfer In Treaty Case

A recent Tax Court case addressed some interesting athlete and treaty issues. The Court ended up siding with the golfer on some, but not all, of the golfer's positions....more

Comparison of Canadian Content, Co-Ventures and Treaty Co-Productions

Canada has long been a pioneer in the international co-production area with numerous co-production treaties. Enclosed is a chart that provides a comparison of Canadian Content, Co-Ventures and Treaty...more

Gaming Legal News - October 25, 2012 • Volume 5, Number 23

In This Issue: - RACING TO NEW OFF-RESERVATION GAMING IN OREGON: Oregon currently has nine tribal casinos. A race is on to build new casinos to capture the Portland and Medford markets. The stakes are high – casino...more

Art Fortresses Hold Taxes at Bay

The prices fetched by famous artworks continue to astound industry-watchers. In spring 2012, Edvard Munch’s The Scream set the record for a work sold at auction—$120 million. Sales of contemporary and modern art have also...more

No Medal for CRA’s Questionable Treatment of Canadian Olympic Medalists

On August 13 I came across this article in the Globe and Mail outlining how CRA treated prizes received by Canadian Olympic Medalists. Gold medalists receive a $20,000 prize from the Canadian Olympic Committee, Silver...more

Co-Production Updates

Two items of note relating to the issue of international treaty co-productions which I believe indicate their re-emergence as a way of producing (especially in the current financial climate). First, Telefilm Canada...more

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