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http://calvinayre.com/2011/03/08/busine … gibraltar/
http://www.guardian.co.uk/business/2011 … oid-uk-tax
Time to boycott this unethical outfit?
- Total Posts 17716
Betting tax is unethical.
The governments tax the losers and the national monopolies are the most arrogant of them all.
Even those who have diehard socialist views would not like to be taxed out of business i.e. taxed in such a way as to have to stop betting altogether.
Betting is no different to any other commercial venture but the governments of Europe think it’s the goose that lays the golden eggs, for the monopoly companies. Those companies rely on the gullibility of the people and their lack of sensitivity.
To settle this old argument, nowadays there is ample proof that the mass of the people have no little sensitivity to price issues, but rather none whatsoever. But the same folks soon turn around and disappear, so revenues go down as a result of excessive taxation.Dodging tax is done throughout the world. It makes little difference in the scheme of things. 18million is peanuts compared to the amount of people they employ in gb and ireland. They have to keep competitive especially they are floated on the stock exchange.
Dodging tax is done throughout the world. It makes little difference in the scheme of things. 18million is peanuts compared to the amount of people they employ in gb and ireland. They have to keep competitive especially they are floated on the stock exchange.
Doesn’t make it right. That 18m would pay for all those libraries that are being closed down. Add it to all the other taxes that are being dodged and it amounts to a hell of a lot of money this country needs.
It doesn’t make it right in terms of looking at it from a British Exchequer point of view but it makes perfect sense to their shareholders. Hopefully more sponorship will arise from this 18 million saving
- Total Posts 17716
Dodging tax is done throughout the world. It makes little difference in the scheme of things. 18million is peanuts compared to the amount of people they employ in gb and ireland. They have to keep competitive especially they are floated on the stock exchange.
Doesn’t make it right. That 18m would pay for all those libraries that are being closed down. Add it to all the other taxes that are being dodged and it amounts to a hell of a lot of money this country needs.
That’s not right even if you are left wing.
Betting tax is like the infamous Turkish "Varlik Vergisi" tax of WWII, against the Christians & the Jews, later condemned by the UN.
The idea is to destroy business not to raise revenue.Betfair management have a responsibility to their shareholders. As long as they operate within the law I don’t see how we can criticize.
Regardless of political views, UK PLC has to maintain competitiveness like any other business. If they are charging too much in corporate (or any other) tax, businesses will go elsewhere.
On the face of it – Betfair are no different to the companies that have moved their HQ to Dublin, so to lower their rate of corporate tax.
Dodging tax is done throughout the world. It makes little difference in the scheme of things. 18million is peanuts compared to the amount of people they employ in gb and ireland. They have to keep competitive especially they are floated on the stock exchange.
Doesn’t make it right. That 18m would pay for all those libraries that are being closed down. Add it to all the other taxes that are being dodged and it amounts to a hell of a lot of money this country needs.
That’s not right even if you are left wing.
Betting tax is like the infamous Turkish "Varlik Vergisi" tax of WWII, against the Christians & the Jews, later condemned by the UN.
The idea is to destroy business not to raise revenue.It’s not a ‘betting tax’, it is tax on UK made profit that every UK business pays as part of their business tax obligation. Just because the profit is made from a betting operation doesn’t make it a
betting tax
. Why shouldn’t they pay a 15% tax on profits? What makes Betfair profits different to Debenhams profits or Marks & Spenser profits? What is the point of a tax structure that all big companies can evade at will? Joe & Betty Bloggs don’t get to evade their tax obligations on their home run haberdashery business.
Just because a company is too big to be accountable doesn’t mean we shouldn’t try to make them accountable. If they don’t want to be accountable, then maybe they should just pizz off and stop using UK sports as a cash cow whilst not contributing their fair share.Grow up son , this is just business and a small shot across the bows of racing , they will continue to support the levy for now …but maybe one day they wont
I cannot understand the value or point of your rant
Ricky
Grow up son , this is just business and a small shot across the bows of racing , they will continue to support the levy for now …but maybe one day they wont
I cannot understand the value or point of your rant
Ricky
So you think it’s cool that these ****s evade their tax obligations whilst MS sufferers get their DLA taken away from them to pay off the deficit?
I just cannot believe I am alone on this issue??
wtf happened to common sense and holding big money interests to account in the UK? Are we now so apathetic over here that we are sheep that will just take whatever crap is thrown at us?
Please don’t speak down to me on an issue I know myself to be on the right side of. It’s annoying.This is easily solved. Replace the levy with a licence to take bets on UK sporting events generally but only issue licences to companies based in the UK.
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This is easily solved. Replace the levy with a licence to take bets on UK sporting events generally but only issue licences to companies based in the UK.
A listing license.
Why don’t states do the following first:Guarantee realistic minimum prices & stable economic environment.
If dividends are found on the short side or odds are found on the short side, impose penalties.If they don’t do that, there is no credibility.
I’m with the OP. This shower of shite will get no more of my money.
I've stumbled on the side of twelve misty mountains
I've walked and I crawled on six crooked highwaysYou have to consider in this that the Government removed 9% betting tax from UK punters so that firms already in or going to Gibraltar would stay in UK and pay tax in UK. Overseas money would be attracted to well regulated legal UK bookmakers. Bookmakers asked for that at the time and got it. Now they have taken that benefit but have reneged on their side of the deal by moving back to Gibraltar. The Government would now be fully justified in reimposing the 9% tax which would make sports betting – the growth area – unviable.
£18M is a loss to UK that someone paying PAYE tax in UK has to make up – then you have to multiply things up for all the other "UK" businesses that are not paying their full share of UK tax. We are supposed to be all in this together – hollow laughter!
The other issue is that UK bets were protected in law with UK registered firms by the UK Gambling Act. You have now lost that right with Betfair etc.
- Total Posts 17716
They may not have much power to stop them, but how about BHA leading the way by lobbying the racecourses to stop accepting sponsorship from the growing band of gaming companies? They could at least start withdrawing levy support from meetings sponsored by the tax evaders.
These companies are (1) avoiding UK tax on profits made from UK tax payers, and (2) still benefiting from the Government having kept their end of the bargain by maintaining Betting Tax at zero percent – a move which was intended to nurture the British Gaming Industry, not to help them clear out of the country completely.
The resultant howling from the racecourses might at least convince H.M. Government that it was worth doing something to penalise these companies by removing the tax break. It’s all very well trying to justify these Gibraltarian relocations as "good business sense" (the bankers of course say the same about their bonuses), but the words "rats", "sinking" and "ship" come to mind to describe the disgusting and ignoble behaviour of these money-grubbing moral pygmies.
After all, they are doing this ultimately at
OUR
expense
[Excepting of course TRF members from Greece, Ireland and other former colonies, such as the USA and Australia!]
The other issue is that UK bets were protected in law with UK registered firms by the UK Gambling Act. You have now lost that right with Betfair etc.
good point.
William Hill in Gibraltar – " …governed by and interpreted in accordance with the laws of England and Wales. The courts of England and Wales shall have non-exclusive jurisdiction…"
Betfair in Gibraltar – "……governed by the laws of Gibraltar and the parties hereby submit to the the non-exclusive jurisdiction of the courts of Gibraltar…."
although the current Gibraltar Gambling Act removed the outright bar to legal enforcement of wagers in the same way as the current UK Gambling Act, its the other Gibraltar legislation around it (notably relating to consumer contracts) that rather lags the UK.
there’s a reason Hills have done what they have in terms of client reassurance.
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