Rachel Reeves has been criticized over a “missed opportunity” to raise £900m [$1.17b] from online casinos in her first budget as chancellor, amid concerns about the Labour party’s ties to the £11bn-a-year gambling sector.Both the Liberal Democrats and Derek Webb – one of Labour’s largest donors – qu
Hiking taxes on online casino gambling would raise the government as much as £900m and has the support of over half of UK voters, according to a report from an influential think tank.The study by centrist think tank the Social Market Foundation (SMF), proposed a doubling of the rate of tax on online
A potential increase in gambling taxes in the UK could see online operators facing a substantial rise in levies, with new proposals suggesting remote gaming duties could be doubled to 50%, according to sources close to the Treasury. These measures aim to raise up to £3 billion ($3.9 billion) in addi
The UK gambling industry could be facing a significant tax hike, as new Chancellor Rachel Reeves searches for revenue raising measures ahead of a tough first Autumn Budget.The Guardian reports that one of the ideas being given serious consideration by the Treasury are major changes to the UK’s compl
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