If tax increases
UK could lose 40% of online players
(U.K.).- If implemented new tax measures for online gaming claimed by the British government, over 40% of gamblers would migrate to unregulated websites, according to a study by consultancy Deloitte.
2012-01-12
Reading time 35 seg
(U.K.).- If implemented new tax measures for online gaming claimed by the British government, over 40% of gamblers would migrate to unregulated websites, according to a study by consultancy Deloitte.
The report, commissioned by William Hill, said that this loss of audience would be due to a tax increase of 40% on gross earning.
UK Government announced last July that it was considering a proposal to amend the Gaming Act, especially the online mode. Consumers in this country spend on this entertainment about 1.7 billion pounds per year, about 18% of total gambling revenue.
Currently, online operators avoid being subject to UK tax policy that establishes 15% rate, setting its operations in places like Gibraltar and the Isle of Man.
According to Deloitte, the projected changes would boost gamblers to unregulated sites, undermining corporate profits and the contribution to the State Treasury and sports sponsorship.
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