Home	Tutorial	Online Casino Reviews	Best Online Casinos	Casino Software	Casino News

Online Casino Gambling --- Casino News

Rethinking the UK Taxes

The CEO of Global Betting and Gaming Consultants (GBGC), which is based out of the Isle of Man, continues to support his earlier predictions that the global online casino gambling industry will continue to grow despite the slowing global economy – but he did have a few suggestions on ways that the UK gambling market could alter tax legislation to positively favor those internet gambling companies that chose to license and operate in the UK. UK based online casinos and internet gambling companies are subject to a pretty hefty tax on gaming profits – the only problem though lies in the fact that foreign internet gambling companies still have access to the UK market yet don’t have to pay the steep taxes on their gambling revenues.

Some of the online casinos that chose to repatriate back to the UK feel abandoned by the current tax legislation and are some are actually sinking as a result of offshore competitors taking UK business from the sites. CEO Warwick Bartlett contends that the UK government could pull in some serious additional cash by appealing to offshore online casinos that are currently based and licensed out of the more favorable offshore gambling jurisdictions.

Additionally, Warwick asserts that the current taxing structure in the UK needs some serious adjustments as a way to not only entice the offshore online casinos into the UK market, but to also help those companies that are paying taxes in the UK for what basically amounts to the right of the internet gambling companies to advertise in the UK market.