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Draft Amendment to Increase Taxes on Gambling in the Netherlands and Finance Student Scholarships

Netherlands

The Dutch parliament member Roelof Bisschop, presented a bill aimed at increasing gaming taxes in that nation, whose funds would be used to increase student subsidies.

The proposal for legislative amendment by Bisschop, representative of the Dutch Reformed Political Party (GSP) of the Christian right, is co-sponsored by the left-wing environmentalist parliamentarian Groenlinks, Lisa Westerveld.

This tax increase initiative is included in an amendment to the country’s fiscal revenue package for 2020 that has been presented separately and whose details have not yet been published. The Dutch newspaper De Volkskrant, however, said the tax increase will take from 30.1% to 38.5%.

The original amendment seeks to raise the maximum family income threshold, so that students receive an annual grant for scholarships to cover higher education expenses. The € 100 million that the program would cost would be financed with the income from the increase in the gaming tax.

The draft amendment presented argues that

“with the introduction of the loan system, average incomes in particular have suffered considerable pressure.” The amendment further states that “students of these families have a limited right or are not entitled to a complementary grant and depend entirely on a loan. Therefore, the pressure on students has increased considerably.”

In its proposal, the SGP party has expressed its opposition to the prevalence of the game. It believes that online gambling should not be legal in the Netherlands or that game advertising be allowed. In addition, it requests that the Dutch game controller increase its staff to improve its performance.

Source: https://www.igamingbusiness.com/news/dutch-bill-would-raise-gambling-taxes-fund-student-grants

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Santiago Contreras

Santiago Contreras

I am a professional journalist dedicated to tracking news related to the stock market, business, finance, blockchain and economics. It is a hobby that I share with sports in general, with special attention to tennis, basketball and soccer. I like to offer our readers relevant, entertaining and useful content to help them inform themselves and make decisions every day. Thanks for reading me!

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