UK gambling tax under debate
In the UK, the government has been working on a proposal to require offshode gambling operators to get a second license and pay taxes.
The government has noticed that is loosing £300 million every year with the current taxation level.
Gala Coral and Bet365 are the top two gambling operators who have not moved offshore. Asccording to Gala Coral, onshore betting taxes are not offering any competitive advantages and the decision to move offshore is under conStant consideration.
A draft bill has been prepare by Tory MP Matt Hancock, in which taxation will be based on the location of the gambler and not of the servers of the operator, this way elimionating the onshore vsersus offshore distinction.
Ladbrokes is one of the top online gambling operators who has moved offshore. The corporate affairs director at Ladbrokes, made a case against raising online gambling taxes, stating that the online industry has paid £1 billion in taxes, and retained only £600 millions as profit, working harder for the government than for themselves.