Casino, operated by the government-owned Tote, is moving its operations to
the offshore tax haven of Alderney, which effectively allows it to avoid UK
taxes and regulations while still being able to advertise in the UK.
The Guardian notes the move will come as an embarrassment for
ministers who have sought to promote UK’s approach to online gaming, set out in
the Gambling Act 2005, as world-leading.
None of UK’s leading poker and casino operators have taken up a UK gaming
license, blaming a exorbitant 15% ‘remote gaming duty’, the tax on online poker
A spokesperson for the Tote, which is about go private, told The
Guardian the decision to switch its online casino operations from Curacao
to Alderney was to enable Totesport to advertise freely in the UK.
Curacao-licensed operators do not qualify for UK advertising freedoms.
Does Darwin's theory apply to taxation? Colin ponders...
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
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year