Rank Group argues for fairer taxation

07/12/2011

Rank Group released a report yesterday claiming that low taxation on online gaming companies is harmful to the economy. The report says that remote gambling operators with taxation as low as zero per cent encourage the industry to leave the country with a knock on damaging effect to bingo and other land-based operations.

With casinos employing on average 150 employees and bingo clubs employing 40 staff, Rank claims this could lead to heavy job losses. Ian Burke, chief executive and chairman of Rank, said: “I believe that the government has the opportunity to create jobs in the UK without sacrificing tax receipts by replacing the current patchwork quilt with a single tax, at a single rate.”

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