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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?"
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The Boston Celtics needed seven games to get past the Washington Wizards, but they got the job done Monday night, winning 115-105 as 5.5-point home favourites. Next up: the defending champion Cleveland Cavaliers, who visit the Garden Wednesday night at 8:30 PM ET on TNT.
4 New Microgaming Releases in May 2017 -
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PKR Company Statement Update -
Microgaming can confirm that David R Taylor and Matthew R M Wild of RSM Restructuring Advisory LLP were appointed Joint Administrators of PKR Ltd and PKR Technologies Limited on 11 May 2017 by the High Court, Chancery Division.
Microgaming Wins The Spark Award 2017 -
The Spark Award celebrates organisations that experiment with ways of working differently. Previous winners include GCHQ and Places for People. It’s a part of Spark the Change, a global movement dedicated to empowering people and building happier workplaces.
NHL Predators First Ever Conference Finals Appearance -
With three of the team’s top four point scorers residing on the blueline, the Nashville Predators have found a strategy that frustrates even the best in the West. After qualifying as the lowest-seeded Western Conference team, the Predators made quick work of the Chicago Blackhawks (4-0) and St. Louis Blues (4-1) in the first two rounds.
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