The Social Market Foundation report reveals that online gambling is currently undertaxed, proposing an increase in Remote Gaming Duty from 21% to 42%, potentially raising up to £900 million.
The report emphasizes that the fiscal costs of online gambling exceed £1 billion, underlining the need for tax reform to address gambling-related harm.
Polling indicates that 52% of Britons favor raising taxes on online gambling, prioritizing this over other tax increases, such as VAT and income tax.
UK operators are paying higher taxes in other countries, creating an incentive for tax reform that could also help mitigate social costs associated with gambling.
Collection
[
|
...
]