pongo Posted July 15, 2011 Share Posted July 15, 2011 Offshore bookies face crackdown - Telegraph While the proposals from the Department of Culture, Media and Sport did not mention taxation, its statement said offshore operators are not "bearing a fair share of the costs of regulation".Evolution Securities analyst James Hollins said "the statement firmly implies" the legislation will include taxation. Offshore gambling crackdown could mean win for Treasury - Guardian However, Vaughan Lewis, a leisure analyst at Morgan Stanley, added: "The government has to be careful, as you can't change the law just to raise taxes. But while the proposals claim to be driven by a desire for greater customer protection, they will also create an opportunity to levy duties on overseas operators." Change in UK gambling law may hit company tax bills - Reuters A proposed change in the way Britain licenses gambling operators which are based abroad, may pave the way for the government to tax offshore gaming firms. Link to comment Share on other sites More sharing options...
Evil Goblin Posted July 16, 2011 Share Posted July 16, 2011 Might this be the death knell of the industry on the Island? It seems that any businesses located here for tax reasons only have a limited future. The new Government should break loose from being wedded to a "business plan" based purely on a low tax environment. Link to comment Share on other sites More sharing options...
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