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UK Treasury on a secondary licensing fee
Monday, November 28,2011 : SECOND THOUGHTS ON SECONDARY TAXING OF ONLINE OPERATORS (Update)
Deloitte report may give pause for consideration
The UK Treasury is due to complete its review into the GBP1.7 billion British online gambling market next week, and will almost certainly recommend that a secondary licensing fee be imposed on offshore remote gaming companies wishing to access the UK market.
Clearly with this prospect on its radar, gambling group William Hill plc, which has a more than 10 percent share of the UK market, recently commissioned its own review, conducted by the respected professional business services provider Deloittes.
The results published this week are interesting; the study indicates that secondary taxation at the point of consumption could lead to 40 percent of punters using unauthorized (and untaxed) operators, as more reputable companies exit the scene.
Deloittes estimates that any additional tax burden will grow the black market, and that a 15 percent British tax could result in two-fifths of legitimate firms departing the UK market, thus forcing Brit players to use more dodgy internet operators taking their chances with the authorities.
A spokesman for William Hill told The Independent newspaper this week: "The question for the Government is, should it introduce policy which distorts markets?"
New Racing UK free-to-watch show -
Wake up to Luck on Sunday – join Nick Luck and guests for new Racing UK free-to-watch show. BHA Chief Executive Nick Rust to appear on first broadcast this Sunday
MLB Odds: Stroman Gets the Nod Against Royals -
The Toronto Blue Jays (70-80, –20.18 betting units) begin their final home stand of the 2017 campaign this Tuesday when they welcome the Kansas City Royals (73-76, +2.56 units) to Rogers Centre. Sportsnet has the coverage at 7:07 p.m. Eastern.
Microgaming QuickFire enters Coloumbia -
Wplay signs for Quickfire; strategic deal sees Quickfire enter Colombian market. Colombian-licensee Wplay has signed a deal for Quickfire, powered by Microgaming.
Partypoker to sponsor WSOPC Uruguay -
Partypoker to sponsor WSOPC Uruguay in December. Qualify exclusively on partypoker for WSOP Uruguay Main Event. December 7th to 17th in beautiful Punta del Este.
MLB Odds: Jays Hope to Spoil Orioles’ Visit -
The 2017 season is just about over for the Toronto Blue Jays (66-77, –21.19 betting units), but they can play spoiler in Tuesday’s game against the visiting Baltimore Orioles, starting at 7:07 PM ET on Sportsnet.
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Big Online SLot Win on Ultimate 10X Slot -
At 9.20PM on August 28th, Kasey R was enjoying the new Ultimate 10X three-reel slot at Miami Club. The game has a random 'must win' progressive jackpot that is guaranteed to pay by the time it reaches $25,000
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