Government targets winning gamblers

The prospect of a 12% tax on winnings under EUR 500 in Italy was reported by the country’s media in October, having had a preview of the government’s plans for the 2020 Budget. It was also reported that this winnings tax would increase in line with the winnings, up to a rate of 23% for the larger lottery jackpots. But these proposals in Italy are by no means exceptional. Across the world governments are seeking to take money off winning punters.