Russia to introduce 5% gambling tax
NegativeFinancial Markets

Russia is set to impose a new 5% turnover tax and a 25% profit tax on bookmakers as part of draft budget changes. This move is significant as it could impact the gambling industry, potentially leading to higher costs for operators and, ultimately, consumers. The increased tax burden may also affect the competitiveness of Russian bookmakers in the international market.
— Curated by the World Pulse Now AI Editorial System