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COMMENT ON UK GAMBLING TAX PROPOSALS
Thursday June 21, 2012 : WINDOW FOR COMMENT ON UK GAMBLING TAX PROPOSALS CLOSES SOON (Update)
Three month consultative phase ends on June 28
The British government's controversial proposal to license regulate...and tax...online gambling operators based on the "point of consumption" - i.e. the punter's computer or mobile device - enters a new phase on June 28 when the three month consultative window on the tax proposals closes.
Offshore operators wishing to access UK online gamblers will have to meet "secondary licensing and tax" requirements if they are to continue to operate legally in the UK market, and be allowed to continue to promote their services in UK media.
The new laws effectively seek to dismantle the traditional operator defence that remote gambling takes place on the operators' servers, and if these are located in another jurisdiction, that jurisdiction’s law applies and not that of the UK.
Several large UK gambling groups have in the past based their online and mobile operations outside the UK in order to take advantage of more lenient tax requirements in offshore jurisdictions.
Under the new dispensation, the UK government is proposing a 15 percent tax on operators' gross profits in respect of all bets placed with them by UK players.
According to government estimates, only 10 percent of online gambling activity by Brit punters generates tax revenues for the UK, and the new approach will address this anomaly.
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
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