Will UK’s proposed enforcement of online betting tax make things even worse for our racing? reports that despite the likelihood of UK regulation forcing offshore bookies to pay Gross Profits Tax, the whole issue is a melting pot which could boil over and scald a few.  The UK Gambling Commission reckons that the best that can be hoped for is some ‘informal consistency’ among EU countries.

“The internet is crawling with unlicensed gambling operators. According to the EU Commission there were 14,800 sites active in the EU at the last count, and over 85 per cent were unlicensed.”

If it proves difficult to enforce GPT, what chance any formal Levy income, at least for as long as that structure lasts?

Full article here.

Categories: General

Tagged as: ,

1 reply »

  1. I can only offer words by the ‘fab four’…light years ahead of their time, unlike any politician who has ever lived (imo).

    (if you drive a car) – I’ll tax the street;
    (if you try to sit) – I’ll tax your seat;
    (if you get too cold) – I’ll tax the heat;
    (if you take a walk) – I’ll tax your feet.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.