Sweden Cracks Down on Poker Players

News Bite: Swedish tax officials are hell-bent on taxing player winnings in regions beyond the European Economic Area.
1680 22nd November, 2012 Poker Law & Legislation
Sweden Cracks Down on Poker Players

The Swedish Tax Authority conducted a coordinated raid against professional poker players that included the confiscation of computers and demands that players disclose full accounts of wins and losses.

Skatteverket's Serious Fraud Office raided players' homes unannounced and reportedly sent letters to a number of players seeking an accounting of player profits from poker sites licensed beyond the European Economic Area (EEA) between 2008-11, pokerfuse reported. The letter was also published in pokermagazine.se and specifically mentions sites such as Full Tilt, Bodog, Absolute Poker and PokerStars.

Players have until Dec. 10 to comply with the accounting demand that includes supplying financial records such as bank and credit card statements. Also required are records of transactions facilitated through the ewallets of Neteller, Moneybookers and PayPal.

Skatteverket did not limit its target to online players and is seeking full disclosure of poker winnings obtained in live arenas as well.

Swedish law requires players to be taxed on winnings outside of the EEA. Players on sites within the EEA such as 888 and PartyPoker, both based in Gibraltar, enjoy tax-free status.

 

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About The Author

Charles Rettmuller

Charles Rettmuller

Charles has been an avid poker player for a number of years, both live and online. He holds a degree in journalism and previously worked as a reporter for a Chicago-based newspaper...

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