Europe’s highest court delved into the murky world of brass plaque companies this week in a ruling which legal experts predict could have an impact on gambling operators based in Gibraltar and other offshore hubs.
Judges at the Court of Justice of the European Union (CJEU) ruled definitively against any set-up which would help offshore firms avoid tax in the 10 year-old Gibraltarian case.
Lawyers have pointed out that the issues at stake are likely to have significant consequences for the online gambling industry, given that so many of the major players are based offshore.
Gibraltar’s old plans to tax so-called brass plaque companies, with few full time staff on the island, at a lower rate to other firms amounted to state aid, the CJEU ruled on Tuesday.
To continue reading please log in or request a demo to speak to a member of the team.
Request a Trial
Click here to request a trial