|
|
01 Aug 2008
Bookmaker William Hill has attacked the UK government's ‘flip-flopping’ gambling policy after recording an underlying 10% fall in first-half profits resulting from losing results at Euro 2008 and Royal Ascot.
Ralph Topping, chief executive, called for a cut in the 15% tax paid by UK-based bookmakers on internet gambling and warned the government against any crackdowns on fixed-odds betting terminals, The Daily Telegraph reports.
‘We paid £267m in taxes last year plus £30m in levies to the horseracing and greyhound industries and employ 14,000 people,’ Topping said. ‘This business has to be allowed some room to grow. What I am saying to the Government is, please think things through from all angles.’
Topping said a 15% gross profits tax on online gambling was not appropriate, arguing it made UK-based bookmakers uncompetitive against offshore rivals.
Further reading:
You may also like
Search thousands of financial jobs:
Search thousands of financial jobs:
Careers
Search for jobs
Click to search our database of all the latest accountancy roles
Create a profile
Click to set up your profile and let the best recruiters find you
Jobs by email
Sign up to receive regular updates with the latest roles suitable for you
Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment