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Bet365 Benefits from Gibraltar tax haven

11/25/2012 :  BET365 OWNER DONATIONS UNDER POLITICAL SPOTLIGHT
 
Benefits from Gibraltar tax haven
 
UK leader of the Labour Party Ed Miliband's campaign against tax avoidance may turn on him as a generous benefactor to the Labour Party is said to have saved millions in taxes by operating from Gibraltar.
 
Peter and Denise Coates' online gambling firm bet365 is under scrutiny with detractors saying more than a third of its profits come from its British overseas territory-based subsidiary.
 
bet365 is reported to have saved GBP 13 Million in tax between 2009 and 2011, paying only 10 percent in Gibraltar compared to a steep 28 percent in the United Kingdom at the time.
 
Generous donations from Peter Coates to the Labour Party are at the centre of the brewing storm with GBP 10 000 donated to Ed Miliband this year and a total of GBP 300 000 donated to the party over the last decade reports The Daily Mail Online.
 
Miliband's draft election manifesto carries a priority for the party that is headed "Labour believes addressing tax avoidance at an individual and corporate level must  be a priority," which details "At home, this means making it plain to the Crown Dependencies [such as Gibraltar] we will expect them to observe the letter and the spirit of the law."
 
A bet365 spokesperson told The Daily Mail Online that it was unfair to highlight the tax advantages it enjoys because, unlike its main competitors, it paid UK tax on the majority of its operations, "Bet365 is the only major online bookmaker that remains licensed in the UK and as such pays more than GBP 130 million in annual taxes to the UK Treasury."



Gambling News :

Box 24 Launches 3 New Slots - This week sees the addition of 3 New Games at Box24 Casino. Check them out they all seem pretty interesting.

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

Sensational Sixes Slot Goes Live - Light up Icons like BAR's, black spades, red hearts, blue diamonds, and green clubs. The best part of Sensational Sixes are the three wild icons, for 2X, 4X, and 6X multipliers!

3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

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