UK Takes Opposite Approach On Online Gambling
from the highly-logical dept
While the US government continues to do everything in its power to push out the highly lucrative online gambling industry, and turn everyone involved in it into criminals, other countries are eagerly embracing it. In the UK, the finance minister said that as part of the country’s budgetary plans, it hopes to lure in online gambling firms, many of which are located in tax havens, like Gibraltar. Instead of charging them a typical corporate tax, they will only face a small 2-3% levy. Already, some internet casinos are eager to move. In addition to the bump in tax revenue that the country will see, the government should be in a better position to regulate the industry and protect gamblers from shady dealings. This is in contrast to the US, which, by pushing online gambling further underground, ensures that it will be less safe for American gamblers.