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No UK corporation tax deduction for penalty imposed under the code of the Fédération Internationale de l'Automobile ("FIA")

In an appeal by HMRC against a decision of the First-tier Tribunal ("FTT"), the Upper Tribunal (Tax and Chancery Chamber) ("UT") decided that a penalty imposed on McLaren Racing Limited ("McLaren") in respect of a breach of...more

Tennessee – 2014 Legislative Highlights

Effective January 1, 2015, the method of issuing tax assessments and the informal conference process available to taxpayers will be revamped. 2014 Tenn. Pub. Acts 854. Touted as being more taxpayer-friendly, the two most...more

Interactive Gaming Incentives in the United States

There’s been a lot of press about places that are unfriendly to gamers or game developers. Authorities in various jurisdictions have attempted to address issues of violence, sex, and gambling, either resident in or allegedly...more

Pennsylvania Tax Developments - A Reed Smith Quarterly Update: May 2014

This is a brief update on recent Pennsylvania tax developments. For more information on any of these developments, contact one of the authors or the Reed Smith State Tax attorney with whom you usually work....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

Massachusetts Tax Developments - A Reed Smith Quarterly Update (4th Quarter 2013)

Welcome to the latest Reed Smith Massachusetts State Tax Quarterly Update. In this update, we’ll take a look back to the developments from the last quarter of 2013, and look ahead to some percolating issues at the Appellate...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

Outline of conference Sports betting crisis in Italy – how to reverse the decline?

As mentioned, DLA Piper held yesterday an interesting seminar in Rome named “Sports betting crisis in Italy – how to reverse the decline?” which was very well attended by most of the sportsbetting operators within the Italian...more

Detroit Casinos’ September Revenues Decrease From Same Month Last Year

The Michigan Gaming Control Board (“MGCB”) released the revenue and wagering tax data for September 2013 for the three Detroit, Michigan commercial casinos. The three Detroit commercial casinos posted a collective 6.8%...more

Portugal: Announcement of Online Gambling Market Legalization

On 3 October 2013, and as a result of the country´s evaluation meeting with Troika, the Portuguese Government announced that it will legalize the online gambling market, in order to increase tax revenues....more

Where is the Italian sportsbetting market heading to?

The approval of Italian sportsbetting regulations allowing the offering of bets and events not included in the official schedule issued by the regulator (the so called “palinsesto ufficiale”) had been by operators as a...more

Gaming Legal News - September 2013 • Volume 6, Number 19

In This Issue: - WILL GAMING EXPANSION IN NEIGHBORING OHIO “SPUR” KENTUCKY TO STOP “HORSING AROUND” ON THE ISSUE? Well before Governor Beshear took office in 2008, the Commonwealth of Kentucky had been...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

Gaming Legal News - August 27, 2013 • Volume 6, Number 18

In This Issue: - “RESERVATION SHOPPING” CIRCA 2013: The term “reservation shopping” has been coined by various anticasino groups, some local governments, and even some gaming tribes to disparage efforts of...more

€ 2.5 bn fines for VLT operators settled?

€ 2.5 bn aggregate fines issued against Italian videolottery operators are likely to be settled with the payment of around € 600 M according to recent statements from the Italian Government....more

UK: Government publishes responses to POC tax consultation

In the 2012 Budget, the UK government announced its intention to tax remote gambling on a point of consumption basis. A consultation ran from 5 April 2012 until 28 June 2012 whereby operators, suppliers and other interested...more

Does A Radio Station Have Goodwill?

A recent Claims Court case addressed whether a radio station's assets include goodwill....more

HMRC’s guide for the creative industries

This week HM Revenue & Customs has published a brief guide detailing the UK’s corporation tax reliefs for the creative industries. The guide gives an overview of the four different types of relief, explains the eligibility...more

Gaming Legal News - July 24, 2013 • Volume 6, Number 16

In This Issue: - THE GRATON GODZILLA INVADES SAN FRANCISCO BAY: The Federated Indians of Graton Rancheria Tribe is on track to soon open its huge casino and resort in Rohnert Park, California, at a site adjacent...more

Busy Summer in the Gambling Market of Hungary

Introduction - The summer of 2013 may reserve good opportunities for the gambling sector in Hungary as two, somewhat unexpected, changes were introduced last month. The Hungarian Parliament finally adopted the brand...more

Senate Bill 165: Transferable Tax Credits for Film Industry

The film industry is a very exciting business and requires the involvement of many individuals and entities to complete a production. Bringing a commercial or full-feature film to millions of viewers is dependent upon the...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

South Carolina Film - More For Your Movie

In This Presentation: - Types of tax incentives - SC Incentives competitive again - Film Office - Benefits to SC - Local Spending - Tourism - SC Film Office SC PRT Excerpt from Types of tax...more

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