10% online sports betting tax taken into consideration in Russia

The government of Russia continues to tighten its financial oversight to crack down on illegality, including unauthorized gambling.

Russian media outlet Kommersant has reported on Wednesday that deputy head of the countrys Federal Tax Service Daniel Yegorov had asked the Ministry of Finance for the authority to compel banks to provide information on customer accounts in an effort to “identify and suppress illegal business activities.”

The Ministry of Finance has yet to publicly respond to the country’s Federal Tax Service’s request, which would significantly expand the taxman’s capacity to monitor Russian citizens financial dealings. Currently, the Financial Tax Service can only request banking information if it detects irregularities in an individual’s tax returns.

What is more, the country’s legislators have prepared amendments to existing law requiring banks to submit information to Federal Financial Monitoring Service regarding all withdrawals of funds from Russian ATMs using foreign bank cards.

The country’s government is notoriously paranoid in regards to activities that might be going on without its express permission. Russia has been doing its bets to channel traffic to about dozen locally licensed online sports betting sites during this year’s FIFA World Cup, including a significant escalation in its online censorship. The Russian internet watchdog Roskomnadzor blocked a stunning 3,763 unauthorized gambling websites in just the first week of this month after blocking slightly over 12,000 domains in June.

Despite all this censorship,the country’s Minister of Internal Affairs Vladimir Kolokoltsev believes that Russia is still not doing enough. Kolokoltsev suggested that the volunteer online armies should be allowed to channel their energies into other “interesting projects”.

The Minister of Internal Affairs suggested that the project which could benefit from volunteer vigilantes include “the detection of banned information” on the internet. He also noted that his ministry was willing to consider “any initiatives and are interested in constructive dialogue” on this new surveillance tool.

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