News

British online gambling company face tax hearing

25 June 2012


GIBRALTAR AND ENGLAND -- The taxman wishes to talk to British bookmaker Stan James about their partial Gibraltar move, This is Money reported.

A tax hearing will attend to whether the move was a tax reduction strategy as Gibraltar's tax rate is lower at 22 percent, the report said.

A company can contend the move necessary for commercial needs if sufficient evidence for moving can be demonstrated, This is Money said.