January 17th, 2012

Online Gambling Tax Progress

tax money1 Online Gambling Tax Progress

Since the start of the New Year there has been an increase in the activity concerning the proposals for the secondary taxation on offshore online gambling operators in the UK where both the government and the industry are involved.

The parliamentary committee is studying several aspects of the gambling industry, including the possibility of secondary licensing and taxation of online gambling. Some former political leaders responsible for gambling in the UK deposed before this committee. Among them were the former Sport and Tourism Minister Richard Caborn and former Culture Secretary Tessa Jowell. They mainly told the committee how the proposal for multiple land super-casinos was deferred following adverse media publicity in the run-up to the 2005 general election.

Tessa Jowell said that this was a small price to pay for securing the 2005 Gambling Act. Jowell also said that the proposals for the betting machines had been put on probation because the Labour government felt that it would lead to problem gambling. Several other personages associated with gambling in the UK will be appearing before the committee in the coming days.



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