Online Casino Taxing Questions - 2004-02-20
The online gaming industry’s concerns that the Treasury may hamper attempts by the Department of Culture, Media and Sport to tempt online casinos to the U.K., by introducing heavy taxation, have spilled in to the press this week.
Currently high street bookmakers pay 15% tax on gross profits and rumours are circulating that, once the forthcoming Gambling Bill is passed, Internet casinos could be required to do the same.
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