Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • 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

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 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

    Ring Promo Codes and Discounts: Up to 50% Off

    December 19, 2025

    Nvidia Geforce RTX 5060 Review: Not Quite There

    July 29, 2025

    Indian debuts 2026-model Sport Scout RT

    November 5, 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.