“THE CONCERN NOW IS THAT THE CURRENT PROPOSAL TO INTRODUCE A POINT OF CONSUMPTION TAX IS... FLAWED POLITICAL THINKING”
Ralph Topping, CEO, William Hill Topping noted: “The UK is still bene?tting from that success. Because in our last reported year, we paid £270m in tax, including paying corporation tax on the pro?ts we made in Gibraltar that came back to the UK.” With this in mind, he argued: “The concern now is that the current proposal to introduce a point of consumption tax is equally ?awed political thinking,” asking “Where’s the enforcement in the draft legislation to stop those companies that aren’t as responsible as we are? All that is likely to happen is that the government will let a grey market emerge.” Such concerns have been echoed by industry group the Gibraltar Betting and Gaming Association (GBGA), despite the fact that, in calling for the creation of “a more speci?c and GBbased set of regulations rather than a tougher set of regulations”, DCMS’s Steph ??????????????q???????????????????????????????????????????????????? ???????????????????? ????????
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