Sportingbet has announced a write-down of £310m directly relating to its
forced pullout from the US.
The company disclosed the figures in its final results, which showed that it
still generated revenues of almost £1.1bn, excluding discontinued operations.
The £310.4m write-down resulted from impairment losses connected with the
disposal of its US business, reorganisation costs and goodwill impairment of its
US-facing sports betting and casino business.
UK gaming companies were cut off from the lucrative American market after the
Unlawful Internet Gambling Enforcement Act was passed by US Congress last year.
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy