Quote:
Originally Posted by PokerUpgrade
Okay, I talked to Tyler and there is not a lot I'm able to say. However, I can tell tell you this...
1) The President is going to sign the bill in a week or so, and after that nothing will actually go into effect until after 180 days. After those 180 days, inside sources say that Mexico will be an open market, not closed to just Mexico.
2) In the pokerfuse article it says: Taxes for online gaming have not yet been written into the law—but they are expected to be at least as high as those in Spain.
This is not true. The taxes are going to be 30%...the same for both online and brick and mortar in Mexico. If you choose not to believe me, that's fine, but I have quite a bit of inside info so take it for what it's worth.
Whatever you guys decide to do, good luck!
The current tax rate is 30%, although the expectation - as I've reported previously in pokerfuse, is that it will remain at 30%, it could still change as some of the large casino organizations in Mexico are lobbying hard.
Miguel Angel Ochoa Sanchez, President of the Association of Industry Entertainment Games “It’s the most expensive industry in Mexico, there is no other that has such a high tax burden and that stimulates the famous money laundering, I say this with no intention of defending casinos. In fact, money laundering is not feasible in legal casinos.”
I'm not going to point fingers, but a certain extremely wealthy Mexican casino owner, is a former politician and well connected with the current government. There is real possibility that taxes on online poker could end up at less than 30% in the next finance bill.
Taxes have not been written into the new law, because taxes are determined by the Ley de Ingresos de la Federación.
Might be worth actually doing some research before saying something is not true.
And finally, the President is not going to sign the law in a week or so.
Senate President Luis Miguel Barbosa has said that there won't be a Senate vote on the gaming bill in this session-he's delaying the vote on the gaming bill, the mobility bill and the constitutional changes until after the New Year.
Earliest possible implementation date - September 2015.
In fact so far everything you have said is total ****