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BGC blasts ‘short-sighted’ calls for GB online gambling tax hike as just a ‘quick fix’
['Robert Fletcher']
iGB
MPs say the targeted online gambling levy would generate the funds needed to expand child benefit in the UK.
This, the MPs said, would be a “targeted” levy on online gambling operators active in the UK.
The council said it “strongly opposes” higher tax rates, saying such a move would be “short-sighted” and harm jobs, investment and sports funding, while failing to deliver more revenue.
However, she cautioned against what she described as a “quick fix” policy in increasing gambling tax.
“In light of the levy’s limited fiscal reach and unchanged contribution levels, there is a compelling case for an additional online gambling levy.