Paddy Power Given Hefty Tax Bills in Greece, Germany

The governments of Germany and Greece have laid down hefty tax bills to online operator Paddy Power Betfair, and the group will have to pay out a sum of €55 million to settle the case.

Germany's courts determined that Paddy Power owed the court $46.2 million from the time that Betfair was a separate entity and was dealt a 2012 assessment. For their part, Paddy Power is disputing the total of their liability, and will appeal the decision. Greece determined that the company owed $16.6 million, and while Paddy Power is likewise debating its validity, they've opted to pay out the money, just in case.

Speaking about the situation a Paddy Power Betfair spokesperson said, "The group strongly disputes the basis of these assessments, and in line with the legal and tax advice we have received, is confident in our grounds to appeal. We therefore intend to do so."

"Pending the outcome of these appeals, we paid the total Greek liability in January 2019 while we await clarity with respect to the timing of any cash payment in Germany."

We'll follow this story and update readers as we learn more.

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bgsharpe
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14 February 2019 - 6:22pm
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So...quite a stiff decisions for the Paddy/Betfair brand coming in from a couple of different directions but I guess happy or not with the Germany and Greece taxes they'd still have to pay most of that if an out of court arrangements to be reached at all.

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