Tax Break Outside of UK
While it isn’t a mass exodus from the online casinos licensing jurisdictions
outside of the UK, there are internet gambling sites that have announced
jurisdictional moves as a way to qualify for UK advertising privileges. And even
though many online casinos are looking for ways into the UK market, at the same
time, the internet gambling companies are aware of the fact that the UK has
ridiculously high taxes for online gambling companies that are located in remote
gaming jurisdictions.
The UK government places a high, 15 percent tax on offshore and remote online
casinos that advertise and offer services to UK players. But moving to the UK
for licensing and regulation is also not an option many of the online casino
sites because they face large taxes in UK licensed companies as well. And though
it seems like a losing situation no matter which way the online gambling
companies choose, there are other choices that seem to sufficiently skim around
the heavy UK taxes while still allowing the internet casinos the ability to
advertise in the UK.
Alderney is a great alternative for the online casino sites that are looking to
avoid high taxes and remain on the UK white list. Even though Prime Minister has
targeted the remote gambling industry with what is criticized as unnecessarily
high taxes, Alderney though seems to pass under the radar in a way with lower
costs all around for online casinos looking for a way into the UK advertising
market. |