Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • Portable water filter provides safe drinking water from any source
    • MAGA Is Increasingly Convinced the Trump Assassination Attempt Was Staged
    • NCAA seeks faster trial over DraftKings disputed March Madness branding case
    • AI Trusted Less Than Social Media and Airlines, With Grok Placing Last, Survey Says
    • Extragalactic Archaeology tells the ‘life story’ of a whole galaxy
    • Swedish semiconductor startup AlixLabs closes €15 million Series A to scale atomic-level etching technology
    • Republican Mutiny Sinks Trump’s Push to Extend Warrantless Surveillance
    • Yocha Dehe slams Vallejo Council over rushed casino deal approval process
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Saturday, April 18
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Betting and Gaming Council strongly rejects IPPR findings on gambling tax hike
    News

    Betting and Gaming Council strongly rejects IPPR findings on gambling tax hike

    Editor Times FeaturedBy Editor Times FeaturedAugust 10, 2025No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    The UK-based Betting and Gaming Council has launched a robust assertion rejecting the findings from a think-tank that urged the federal government to extend playing tax.

    The Institute for Public Coverage Analysis (IPPR) referred to as upon the federal government to significantly increase the tax as a method to scale back baby poverty.

    The report launched by the IPPR means that there are alternatives on the desk for the federal government to take away the two-child restrict and scrap the family profit caps. “These measures would price round £3 billion and, whereas we recognise there are fiscal constraints going through the federal government, there are alternatives on the desk proper now which might meet these prices and assist 1.6 million kids to dwell higher lives,” the IPPR stated.

    This comes as talks of playing reform have been rife in the UK over the previous few months.

    The think-tank went on to advocate growing distant gaming obligation from 21% to 50%, with machine video games obligation growing from 20% to 50% on operator revenue. In addition they proposed to extend the overall betting obligation from 15% to 25%.

    “We utterly reject the proposals,” states the Betting and Gaming Council

    Now, the Betting and Gaming Council has issued a statement primarily based on these proposals, which they are saying they ‘utterly reject.’

    There's been a whole lot of discuss within the media this morning about tax.
    We’re unequivocal that additional taxes will harm punters and companies.
    See our full assertion under. ⬇ pic.twitter.com/aLaarLNy53

    — Betting and Gaming Council (@BetGameCouncil) August 7, 2025

    “We utterly reject the proposals by the IPPR, which Gordon Brown has primarily based his requires a drastic tax hike on, and which can solely hit extraordinary punters,” the BGC states.

    “These proposals are economically reckless, factually deceptive, and threat driving large numbers to the rising, unsafe, unregulated playing black market, which doesn’t defend customers and contributes zero tax.”

    Gordon Brown is a former British Prime Minister and long-time Chancellor who took to social media on August 6 to counsel it’s “time to tax the extremely worthwhile playing trade to pay for motion on baby poverty. Playing won’t construct a Britain for the long run however kids freed from poverty will.”

    “BGC members contribute £6.8bn to the economic system, generate £4bn in tax, whereas supporting 109,000 jobs,” the council continued.

    “It’s additionally incorrect to counsel horseracing is taxed at a higher rate. Common Betting Responsibility is 15 per cent throughout all sports activities. Conflating the separate Levy with tax is deceptive, because the Levy goes immediately again into racing to assist the game.

    “Additional tax rises, recent off the again of Authorities reforms which price the sector over a billion in misplaced income, would do extra hurt than good – for punters, jobs, development and public funds.”

    Featured Picture: AI-generated through Ideogram

    The submit Betting and Gaming Council strongly rejects IPPR findings on gambling tax hike appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    NCAA seeks faster trial over DraftKings disputed March Madness branding case

    April 18, 2026

    Yocha Dehe slams Vallejo Council over rushed casino deal approval process

    April 18, 2026

    CFTC’s one-man show gets awkward on the Hill as lawmakers hammer Selig on sports bets, staffing gaps and corruption claims

    April 17, 2026

    Maryland session ends leaving sweepstakes gaming bills stalled once again as SGLA celebrates

    April 17, 2026

    New York lawsuit says Stake and Coinbase targeted child gambler for years

    April 17, 2026

    Recent advances push Big Tech closer to the Q-Day danger zone

    April 17, 2026

    Comments are closed.

    Editors Picks

    Portable water filter provides safe drinking water from any source

    April 18, 2026

    MAGA Is Increasingly Convinced the Trump Assassination Attempt Was Staged

    April 18, 2026

    NCAA seeks faster trial over DraftKings disputed March Madness branding case

    April 18, 2026

    AI Trusted Less Than Social Media and Airlines, With Grok Placing Last, Survey Says

    April 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    Your Photos Are Probably Giving Away Your Location. Here’s How to Stop That

    March 29, 2026

    Researchers say new attack could take down the European power grid

    January 31, 2025

    Microsoft Unveils “Copilot Mode” in Edge – Is This the Future of Browsing?

    July 29, 2025
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.