Paddy Power Betfair to challenge €55m European tax bill

Operator hit with tax demand by German and Greek authorities

Paddy Power Betfair (PPB) today said it will challenge two separate court rulings which ordered the operator to pay a total of €55m in taxes. The Hesse Fiscal Court ordered the bookmaker to pay €40m (£35.1m) in back taxes relating to revenues generated by its Betfair exchange business, which operated in Germany until November 2012.…

Betfair | Finance | Germany | Greece | Paddy Power Betfair | Tax Rate