The UK government is rumoured to be trying to entice UK gambling firms to return to the U.K. with a better tax regime more in line with other jurisdictions, believed to be in the region of 10% instead of the current 15% that was introduced by the previous Labour government.
Protesters have said though that a tax cut for the online gambling industry would lead to more social problems by encouraging gambling in Britain.
The treasury is looking to slash taxes on online gambling by one third estimating that even a five percent cut in the current rate would give operators £100 million in tax savings per year.
Hugh Robertson, the U.K.’s Minister for Sport and Tourism, commenting on the proposed bill said, “These proposals will ensure that British consumers enjoy consistent standards of protection, regardless of where a gambling business is based.”
Source: gaming-awards.com
