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The Supreme Administrative Court of Finland held that although success in sports betting is partly based on chance, sufficiently extensive and systematic betting activity can constitute income-earning activity for tax purposes. Read on LinkedIn.
Imagine starting with EUR 100 at an online casino, never adding any more money, eventually losing it all, but still ending the year with, say, EUR 1 million in taxable income. Read on LinkedIn.
Although the gambling activity resulted in an overall net loss of approximately 200 KEUR, the Supreme Administrative Court held that the winnings constituted taxable income, whereas the losses were non-deductible. Read on LinkedIn.
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Lawyer
I have more than 15 years of experience building businesses in the gambling industry. I’ve worked with everything from operations to regulation, licensing, international expansion, cross-border taxation, commercial agreements and transactions.
I hold an LL.B. and LL.M. from the University of Helsinki and an MBA from the University of Malta.