14/2/2008
ShanghaiDaily.com
The burgeoning casino industry is expected to provide US$20 million of tax revenues for the Cambodian government in 2008, said national English-Khmer newspaper the Cambodian Daily today.
It contributed tax revenues of US$18 million in 2007, US$16 million in 2006 and US$12 million in 2005, the paper quoted statistics from the Ministry of Economics and Finance as saying.
The government calculates tax bills based on how many card tables and slot machines each establishment has, it said, adding that five new casinos opened in 2007, bring the total number to 29.
Currently, the largest casino concentrations are along the national borders, with 15 on the Thai frontier and 10 on the Vietnamese, as well as three in Sihanoukville and on in Phnom Penh.
It contributed tax revenues of US$18 million in 2007, US$16 million in 2006 and US$12 million in 2005, the paper quoted statistics from the Ministry of Economics and Finance as saying.
The government calculates tax bills based on how many card tables and slot machines each establishment has, it said, adding that five new casinos opened in 2007, bring the total number to 29.
Currently, the largest casino concentrations are along the national borders, with 15 on the Thai frontier and 10 on the Vietnamese, as well as three in Sihanoukville and on in Phnom Penh.
2 comments:
It does not sound right. It is definately money lost under the table. Corruption and kickback is widespread.
gov't could do better; collect more taxes for the country. all law makers can help with this. work together, cambodia!
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