New SMF Report Recommends 50% Tax on Online Casinos to Reduce Gambling Harm
A leading UK think tank has called for a tiered approach to gambling taxation, warning that the government’s proposed flat tax on remote betting could worsen gambling harm and destabilize the horse racing industry. In a new report titled “The Duty to Differentiate,” the Social Market Foundation (SMF) criticizes the government’s plan to merge existing gambling taxes into a single Remote Betting and Gaming Duty (RBGD). According to SMF, such harmonization overlooks the varying degrees of risk and social impact tied to different forms of gambling. Key Proposals The report, authored by Dr. James Noyes, makes the case that...
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