ONLINE WORLD NEWS Playtech will transfer tax residence to the UK in early 2021 3 years ago Szarlot Post Views: 392 Playtech will propose to migrate its tax residency from the Isle of Man to the UK in early 2021, the company said in a notice calling for a general meeting on Dec. 18 to consider proposed amendments. The company argued that the migration from the Isle of Man to the United Kingdom would “better align it with its expected future operational substance” and “encourage greater shareholder participation.” The company stated that it was incorporated and tax registered in the Isle of Man because at that time it was considered to be the most suitable tax regime for the purposes of the business’s operations. According to the notice filed Tuesday, the board now believes that there would be an overall benefit to migrating the company’s tax residency to the UK with effect from early 2021 to “better align it with its expected future operational substance.” The move would allow board meetings and board decisions to take place in the UK. In addition, Playtech said it would be able to hold shareholder meetings in the UK as a matter of course to encourage greater shareholder participation. Source: yougonet.com About Post Author Szarlot I am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. See author's posts SzarlotI am a fan of casino games especially roulette and blackjack. After that I analyze current events in the gambling industry. Facebook Twitter LinkedIn Email Print Tags: Playtech, tax residence, United Kingdom Continue Reading Previous What makes a good betting providerNext How South African fraud history strengthened investors More Stories ONLINE SOUTH AFRICA Top Betting Sites in South Africa Featuring the Aviator Crash Game 12 hours ago Szarlot GAMES ONLINE Pragmatic Play introduces a twist on picture bingo with Animingo 12 hours ago Samuel ONLINE SOUTH AFRICA Nolimit City launches in South Africa 1 day ago Samuel ONLINE What Is Blockchain? 2 days ago Szarlot NIGERIA ONLINE Nigerian crypto fee hike invitation for crypto “big boys” 3 days ago Szarlot KENYA ONLINE iGaming’s Global Growth: From Africa to North America 3 days ago Szarlot KENYA ONLINE Kenya’s Blockchain Association Makes Plea for Detained Binance Executives 3 days ago Samuel HOT NEWS ONLINE SOUTH AFRICA South Africa’s online casino industry in 2024 4 days ago Samuel ONLINE SOUTH AFRICA Analysis Of Land-Casinos and Online Casinos in South Africa 4 days ago Szarlot ONLINE UGANDA How to Easily Find Your Favorite Game at Buffalo Slots 4 days ago Tools GAMES ONLINE Fire Portals from Pragmatic Play 4 days ago Iwo Bulski CASINO WORLD NEWS NOVOVISIONTM improves business at the Venice Casino 4 days ago Samuel Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.