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Betting and Gaming Council challenges proposed UK gambling tax increases

Regulation

The Betting and Gaming Council (BGC) opposed Gordon Brown’s proposal to raise UK gambling taxes, with CEO Grainne Hurst arguing the change could harm the industry. Hurst said the sector contributes £6.8bn to the economy and supports 109,000 jobs; the proposal would increase online casino and slots tax rates to 50% and sports betting tax to 25%.

The proposed tax rates could affect UK gambling businesses, while the BGC argues the change threatens jobs and economic contribution.

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BGC urges UK government to rule out further gambling tax increases

Reportedly, the BGC has called on the UK government to exclude further gambling tax rises from its next budget. Gambling company executives also want the government to suspend a tax increase.

The Betting and Gaming Council (BGC) has asked the UK government to rule out further increases in gambling taxation in the next budget and to suspend a planned rise in betting duty. The request was made in a letter to the Chancellor of the Exchequer, John Healey, signed by the chief executives of Entain, Flutter UK & Ireland, bet365, Bally's Corporation, evoke and Betfred, all BGC members, according to the report.

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