That’s a wrap! After a quick heads-up battle Nick Weinberg defeated James Colson for the trophy, the title and $38,625! Weinberg outlasted a field of 150 players and scored the first win of his poker ...
German Poker Pro Appeals Taxes On Winnings
Poker: Game Of Luck Or Skill? Answer Will Decide German Court Ruling
A former poker player is appealing against having his winnings of more than $1 million taxed. According to Tax-News.com, the test case is being looked into by a tax court in Cologne, which will have to conclude whether or not the game relies on luck or skill in order to reach a decision.
The tax authorities have demanded tax to be paid on the German player’s winnings from 2001 to 2008 with the argument that professional poker players are carrying out a commercial activity, relying on skill rather than chance.
The plaintiff’s argument is that his success relied mainly on luck and that skill and a player’s influence does not guarantee a win.
A verdict will be decided upon this year. In the meantime, hundreds of poker players in Germany are facing this problem.
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