Re: Congressmen Press for Solution to WTO Internet Gambling Dispute
Jay, glad we have common ground, as presented the Frank Bill needs a bit of tweeking, only a bit however.
1. Remove the Sports league opt outs.
2. Specify the State opt outs apply only to businesses based in the United States.
3. States cannot prevent residents from doing business with licensed companies NOT based in the United States.
The tax issue is really moot, I do not know if companies pay taxes in Antigua or not, however, businesses can ‘choose’ where to pay taxes when filing a 1040 for income, you can exempt income that you paid tax on in another country and vice versa. A foreign company can exempt income made in the U.S. if taxed in another jurisdiction. This applies to all companies in all countries, not just gaming companies in Antigua.
obg
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