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PwC warns UK gambling tax rises could push businesses to leave

Regulation

A PwC report commissioned by the Betting and Gaming Council warned that higher UK gambling taxes could prompt gambling businesses domiciled in the country to leave. PwC said jurisdictions taxing online gambling GGR above 25% generally collected about 9% in tax, compared with about 13% where rates were below 25%; the report was published ahead of the 26 November Budget.

Operators and investors face potential changes to UK tax costs and the commercial conditions described in PwC’s analysis.

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BGC urges UK government to rule out further gambling tax rises

The Betting and Gaming Council (BGC) urged the UK government to rule out further tax increases, citing job cuts announced by bet365. The group said higher taxes risk reducing jobs and investment and could benefit the unregulated market. It said bet365 is among Stoke-on-Trent’s largest employers and that hundreds of job losses would affect the local economy.

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